IHG to manage New-Build Hotel in Moscow

InterContinental Hotels Group has signed a contract to manage the InterContinental Moscow, scheduled to open in 2010. The new signing follows the January 10th opening of the InterContinental Los Angeles Century City, Calif., and the simultaneous November launch of two of the brand’s flagship hotels – InterContinental London Park Lane and the InterContinental Boston.

The InterContinental Moscow is being developed by Rossiyskiy Kredit Bank and will be managed by IHG. The 205-room new-build hotel is located on the site of the former Minsk Hotel at 22 Tverskaya, close to the Kremlin, City Hall and Pushkin Square.

“The signing of the InterContinental Moscow to our global portfolio reinforces the brand’s pioneering heritage and renowned international reputation,” said Jenifer Zeigler, Senior Vice President, Global Brand Management for the InterContinental Brand. “Russia is a key market for the brand and we are delighted to be working with Rossiyskiy Kredit Bank on this exciting project.”

The InterContinental Brand has experienced positive growth over the last two years and in 2006, opened a total of ten hotels in seven countries, including four resorts. Resort locations included Taba Heights, Egypt; Panama; Murcia, Spain and the $70 million eco-friendly InterContinental Bora Bora Resort & Thalasso Spa in French Polynesia. The United States saw the largest growth of any country during 2006 with the opening of four new hotels including the new-build flagship InterContinental Boston.

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