InterContinental Set to Develop Moscow Holiday Inn

InterContinental Hotels Group continues its Russian expansion with the announcement of the signing of another Moscow property, its seventh Holiday Inn in the city.

The new-build 240-room Holiday Inn Moscow Ryazanskiy –developed by Silkton Ltd and expected to open in mid-2010- will be the 16th IHG hotel in the rapidly emerging Russian market.

Six are already open and the remaining 10 are in the development pipeline. As well as a total of nine hotels in Moscow and three under construction in St Petersburg, IHG has hotels signed in Samara, Rostov, Chelyabinsk and Novosibirsk.

IHG already has a very good penetration of the Moscow market, with almost 1,400 rooms already open in Moscow rising to more than 2,000 by 2010.