“We are delighted to add two further properties to our common pipeline. Russia is one of our key markets for future development and offers excellent growth opportunities for our young and dynamic mid-market brand Park Inn by Radisson”, commented Kurt Ritter, President & CEO of Rezidor. The Rezidor Hotel Group has announced two new Park Inn by Radisson properties in co-operation with Regional Hotel Chain (RHC), one of Rezidor’s most important development partners in Russia. The Park Inn Volgograd and the Park Inn Nizhny Novgorod will feature 150 rooms each and are scheduled to open in 2013.
In 2009, Rezidor and RHC signed a strategic development agreement with the commitment to roll out a chain of up to 20 Park Inn hotels across Russia. The first hotel was opened last year in Kazan, with the Park Inn Astrakhan to follow in Q2 2011. Further projects include the Park Inn Sochi City Centre, the Park Inn Voronezh and the Park Inn Yaroslavl.
Besides 150 modern and comfortable guest rooms, the Park Inn Nizhny Novgorod will offer an all-day restaurant, a lobby bar, and meeting rooms. The hotel will enjoy an excellent location in the centre of Nizhny Novgorod overlooking the Oka River. Nizhny Novgorod is Russia’s fourth largest city and is situated 400 km northeast of Moscow. While it has a strong industrial and commercial demand base, thanks to a picturesque city centre and numerous historical monuments it is also a major domestic tourism destination (but still lacking internationally branded hotel rooms).