Finance & DevelopmentDevelopmentAccor Opens Novotel Moscow City

Accor Opens Novotel Moscow City

MOSCOW—Accor announced the opening of the Novotel Moscow City, its 5th hotel in Moscow and its 16th in Russia. The hotel is a co-project with Tashir, a Russian real estate developer and holding company, and with the diversified investor CJSC Soglasie. Accor operates the hotel under a long term management contract.

“Russia & CIS are key regions for our group’s dynamic expansion. Thanks to our strong brand portfolio from luxury to budget, our powerful distribution system and our operational excellence, we are ideally positioned to seize the opportunities of this booming market”, explains Yann Caillère, Accor chief executive officer. “Our ambition is to reach a network of 50 hotels in Russia & CIS by 2016. We are developing all our brands, including on the upscale segment with the launch of our Pullman brand before the end of the year. We plan to open hotels in new countries such as Armenia, Georgia, Kazakhstan and Kirghizstan.”

Novotel Moscow City offers 360 rooms, designed by Atome Associés bureau.