Rezidor Announces the Park Inn Novosibirsk, Russia
Rezidor announces the start of developments for the Park Inn Novosibirsk, Russia.

BRUSSELS, BELGIUM, June 05, 2011 /24-7PressRelease/ -- The Rezidor Hotel Group, has announced the development of the Park Inn Novosibirsk. This new development will further expand Rezidor's portfolio as one of the fastest growing hotel companies worldwide and the leading international hotel operator in Russia/CIS with almost 13,000 rooms in operation and under development.

The mid-market property is developed in co-operation with Regional Hotel Chain (RHC), one of Rezidor's most important development partners in Russia. It will feature 150 rooms and is scheduled to welcome the first guests in Q1 2014.

"We are delighted to have signed the 8th contract with RHC. It further strengthens our common target to open 10 to 20 Park Inn hotels across Russia", commented Kurt Ritter, president & CEO of Rezidor.

Novosibirsk is Russia's third largest city and one of the most significant hubs in the country - located east of the Ural Mountains and known as "Gateway to Siberia". Novosibirsk has one of the most diversified economies in Russia and also one of the strongest and most stable. The city has an immense industrial capacity; rising banking and financial sectors; strong research, development and educational institutions; and a considerable exhibition and conference capacity. It also has the highest concentration of business and financial activity in Siberia, including international banks like Raiffeisenbank, Commerzbank, KMB Bank and BSGV-France. 30 km south of Novosibirsk there is also the scientific community of Akademgorodok, with 15 universities and dozens of institutes which are part of the Russian Academy of Sciences. Since the fall of communism, Akademgorodok has grown into a major technology hub leading to its referral as 'Silicon Forest'.

"Despite these demand-generators, Novosibirsk lacks internationally-branded hotels - like many major cities in Russia. We see great opportunities there and look forward to opening the future Park Inn as one of the premier business hotels in town," said Kurt Ritter.

"With our strategic focus on the development of Russia's regional hospitality sector with international quality accommodation for both leisure and business travellers, we include Novosibirsk into our top-10 priority list for the RHC roll-out across the most investment attractive and business dynamic regions," added Vladislav Smirnov, general director of RHC.

The new hotel will be conveniently located in the city centre, near to the main railroad terminal and subway station. Besides 150 modern and colourful guest rooms, the hotel will offer an all-day-dining restaurant, lobby bar, gym and 5 meeting rooms.

Press Release Contact Information:

Christiane Reiter
The Rezidor Hotel Group
Director Corporate Communication
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Brüssel, Brüssel
Belgium B-1130
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