“We are delighted to have signed the 8th contract with RHC. It further strengthens our common target to open 10 to 20 Park Inn hotels across Russia”, commented Kurt Ritter, President & CEO of Rezidor.

Novosibirsk is Russia’s third largest city and one of the most significant hubs in the country – located east of the Ural Mountains and known as “Gateway to Siberia”. Novosibirsk has one of the most diversified economies in Russia and also one of the strongest and most stable. The city has an immense industrial capacity; rising banking and financial sectors; strong research, development and educational institutions; and a considerable exhibition and conference capacity. It also has the highest concentration of business and financial activity in Siberia, including international banks like Raiffeisenbank, Commerzbank, KMB Bank and BSGV-France. In 30 km south of Novosibirsk there is Akademgorodok, a scientific community with 15 universities and dozens of institutes of the Russian Academy of Sciences. Since the fall of communism, Akademgorodok has grown into a major technology hub and it is referred to as “Silicon Forest”.

“Despite these demand-generators, Novosibirsk lacks internationally-branded hotels – like many major cities in Russia. We see great opportunities there and look forward to opening the future Park Inn as one of the premier business hotels in town”, said Kurt Ritter.

“With our strategic focus on the development of Russia’s regional hospitality sector with international quality accommodation for both leisure and business travellers, we include Novosibirsk into our top-10 priority list for the RHC roll-out across the most investment attractive and business dynamic regions”, added Vladislav Smirnov, General Director of RHC.

The new hotel will be conveniently located in the city centre, in the immediate proximity to the main railroad terminal and a subway station. Besides 150 modern and colourful guest rooms, the hotel will offer an all-day-dining restaurant, a lobby bar, a gym and 5 meeting rooms.