The global economic downturn hasn’t stopped Intercontinental Hotels Group (IHG) from announcing a 1,000-room Holiday Inn property in Moscow.
The huge property is set to overtake the Holiday Inn Chengdu Century City in China by some 35 rooms, with the Holiday Inn London Kensignton Forum in third place with 910 rooms.
Work is due to begin on the $100m project in 2011, with a completion date of 2014. When it does open the hotel will feature 1,000 rooms, 2,500sqm of meeting space and a 1,200-sqm health club.
The hotel will be located within the 90-hectare Crocus City development in Moscow’s Krasnorgorsk district, and will be managed by IHG under a 20-year agreement with the Crocus Group.
There are currently seven IHG-branded hotels in Russia, with another 13 in the pipeline.
For more information visit ihg.com.
Report by Mark Caswell
