HVS Moscow is pleased to announce its role as the hospitality advisor to the Regional Hotel Chain in their plans to develop Holiday Inn Express hotels across Russia. IHG (InterContinental Hotels Group) has signed a franchise multiple development agreement (MDA) with Regional Hotel Chain, a portfolio company of VIY Management (VIYM) to develop 15 new hotels in Russia by 2019.
The locations for the first two of these hotels are Chelyabinsk and Voronezh. Holiday Inn Express Voronezh – Kirova is due to open in the second half of 2014, and Holiday Inn Express Chelyabinsk is scheduled to open in summer 2015. HVS Moscow worked on the feasibility studies for these projects, prior to RHC & IHG announcing their development deal. HVS Moscow has also completed feasibility studies on additional markets, which will be announced shortly.
“HVS played an important role in our plans to develop Holiday Inn Express hotels across Russia,” explains Vladislav Smirnov, CEO, Regional Hotel Chain. “Their knowledge of hotel dynamics in the Russian market as well as global perspective helped us to better understand the potential of this venture. We look forward to future projects with HVS.”