Hotel chain <Hilton>announces entry into Moscow market Believing in the tourism potential of Russia, Hilton has announced that it will open a new, $50 million to $55 million <Hilton> hotel in the center of Moscow... a long search for the right location in Moscow, Hilton International finally announced last Tuesday that it would <Moscow hilton>... million to $55 million new Moscow Hilton, a stone's throw from the ...
www.russiajournal.com/fan/russia_3714_2244_news.htm

Hilton's move, along with the recent deal on the Intourist Hotel site between Hyatt Hotels and a French developer, means that all the major hotel chains will soon be
represented in Moscow.The $55 million to $55 million new Moscow Hilton <hotel>, a stone's throw from the Bolshoi Theater on Neglinnaya Ulitsa, is being constructed by Lusine, a private company owned by Armenian businessman Murad Sarkisian, according to Gerald Gage, head of RF Consulting at Arthur Andersen. ....Jurgen Fischer, the president of Hilton in Continental Europe, <...>, said Hilton has been looking to break into Russia for the past 10 years, but
the right opportunity simply had not presented itself. ....Fischer said negotiations for the project on Neglinnaya took 12 months, and that the management agreement is a private one, whereas many other hotels in Moscow operate under joint agreements with the Moscow city government – something he said Hilton cannot do.
Fischer said Hilton, as a policy, seeks to maintain complete control over the management of a <Hilton> hotel in order to guarantee the upholding of its quality standards.
Hence, the company does not franchise its hotels, he said.  In terms raising the funds for the project, the Hilton regional president said this did take time and that part of the concern centered on putting money into Russia.

 

 

 

 

 

 

 

 

 

 

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