The hotel, which is one of the most modern in Russia and currently the first and only hotel in Moscow’s international business center Moscow City, is a co-project with Tashir, one of the largest Russian real estate developer and holding company and with the diversified investor CJSC Soglasie.
Total investment made by the two partners amounted to $160 M. Accor operates the hotel under a long term management contract.
Accor’s expanding network in Russia & CIS (Community of Independent States)
“Russia & CIS are key regions for our Group’s dynamic expansion. Thanks to our strong brand portfolio from luxury to budget, our powerful distribution system and our operational excellence, we are ideally positioned to seize the opportunities of this booming market”, explains Yann Caillère, Accor Chief Executive Officer.
“Our ambition is to reach a network of 50 hotels in Russia & CIS by 2016. We are developing all our brands, including on the upscale segment with the launch of our Pullman brand before the end of the year. We plan to open hotels in new countries such as Armenia, Georgia, Kazakhstan and Kirghizstan”, he added.
Since the beginning of the year, along with the Novotel Moscow City, Accor has opened its first hotel in Sochi, host city of the 2014 Winter Olympic Games, the Mercure Rosa Khutor Sochi. 2 other hotels are to open in Sochi before the end of the year, a Mercure and a Pullman. A total of 9 hotels are planned to open in Russia / CIS by the 1st quarter of 2014, bringing Accor’s network to 27 hotels.
“Accor opened its first hotel in Russia in 1992 and has experienced an acceleration of its expansion in the recent years. Today, Accor is the 2nd international Hotel Operator in Russia,” explains Alexis Delaroff, Chief Operating Officer Accor Russia & CIS.