Source : Channel NewsAsia - 6 Jun 2008
Raffles Hotels & Resorts is set to open in Moscow in 2011. The 130-room Raffles Moscow will be managed by Raffles under a long-term contract that may last more than 20 years.
An agreement was sealed with its partner ALT Corporation, witnessed by Senior Minister Goh Chok Tong who is currently on a visit to Moscow.
Raffles Hotel said the new property will be located in Moscow’s business district, near prominent landmarks like the Red Square, Kremlin and Bolshoi Theatre.
The stately building, currently managed by ALT Corporation, will soon undergo redevelopment to transform it into a luxurious hotel.
Average room rates are likely to range between US$800 and US$1,000 a night.
Raffles Moscow will be part of a larger development, which will include apartments, high-end retail galleries as well as historic buildings, such as an 18th century Russian Orthodox Church and the house where Napoleon Bonaparte occasionally stayed.
Raffles Moscow will feature six restaurants and a bar, and a 1,300-square-metre RafflesAmrita Spa.
Raffles and ALT are also exploring other opportunities in the St Petersburg area. - CNA/ms
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