Hilton Worldwide today announced growth in its Russian presence, confirming four new hotel signings and potential for a further 11 as part of a multi-site development agreement. The four new hotel signings add almost 1,000 bedrooms to the pipeline and the multi-site development agreement is expected to bring an additional 1,500 plus bedrooms. With 23 hotels that are either trading or under development across the country, these latest signings place the Russian market as the leading development pipeline for Hilton Worldwide in Europe.
Patrick Fitzgibbon, senior vice president, development, Europe and Africa, Hilton Worldwide, said, "Russia has been one of our main focus markets for several years and is now leading the European region. We are delighted to announce almost 1,000 new bedrooms with a further 1,500 through a multi-site development agreement for hotel projects across Russia. By the end of 2012 we expect to have opened at least four more hotels and look forward to welcoming guests to our expanding portfolio."
Osnova Development LLC Multi-site AgreementFollowing the signing of a multi-site development agreement with Osnova Development LLC, approximately 1,500 bedrooms will be developed in multiple Russian locations. These are expected to be predominantly Hampton by Hilton hotels, with scope for some Hilton Garden Inn properties. The previously announced Hampton by Hilton Voronezh forms part of this agreement, along with a commitment for at least a further 11 hotels in target locations such as Volgograd, Novosibirsk, Rostov-on-Don and Ufa.
Source
Search for Jobs with Hilton>