Domestic Hotel Brand Faces Future Hurdles, THE MOSCOW TIMES

From: The Moscow Times (Russia) | Date: November 25, 2003| Author: | Copyright information

Denis Maternovsky
The Moscow Times (Russia)
11-25-2003
Interest is rising in developing a domestic hotel brand to cater to the
needs of Russia's emerging middle class.
In the past year, numerous plans have been announced for building mid-
range hotels in a country where three-star accommodation is far less common
than upmarket hotels or shabby Soviet-era blocks.
While major Western hotel brands are firmly established in Russia,
there is still no local chain of hotels. But despite the buzz, it may be
years before one materializes.
In February, Delta Capital Management announced plans to open up to ...

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