Radisson to Open 3rd Hotel in Moscow

Date: December 2018

Location: Moscow, Russia – 16km from Vnukovo International Airport and 9km from the city centre

Name: Radisson Blu Leninsky Prospect Hotel, Moscow – opening 2021

No. of Keys: 150

Seller: The hotel will be an integral part of a mixed-use office and hotel complex.

Buyer: A collaboration with Sherwood Premier LLC, a subsidary of Pao Novatek, and Radisson Hospitality AB. This will bring Radisson’s portfolio in Moscow and its surrounding area to eight hotels and 2,260 rooms in operation or under development.

Pao Novatek is a major player in the oil and gas sector, so interesting move into hotels.

Elie Younes, Executive Vice President & Chief Development Officer of Radisson Hotel Group, said: “This strategic project will further strengthen our leading position in Russia as well as Radisson Blu’s position as the largest upper upscale hotel brand in Europe.

The hotel will also offer state-of-the-art meeting facilities and a fitness and wellness centre that will provide a variety of ways for people to keep fit or unwind.

The hotel will have two restaurants and a lobby bar.

Radisson has had a busy month in Moscow: Just two weeks ago, the company announced the Radisson Royal Hotel in Moscow would become part of the Radisson Collection in January.

Two weeks before that, the new-build Radisson Blu Olympiyskiy Hotel partially opened in Moscow, marking the brand’s second property (following the Radisson Blu Belorusskaya Hotel) and the company’s fourth in the city.

‘THPT Comment: Interesting location…not in the centre but in the growing business cluster that Radisson say is developing rapidly in size and importance in the south-west of Moscow.

First Seen: Hotel News Resource

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