InterContinental Hotels Group (IHG) is continuing its Russian expansion with the opening of a new Crowne Plaza Hotel in St Petersburg and an InterContinental in Moscow. The two hotels are scheduled to open in early 2009 and in 2010 respectively.
The Grand Hotel Imperiale in Forte dei Marmi, Italy has been sold to UAE-based real estate company Emaar Properties, owner of renowned buildings such as the Burj Khalifa and the Dubai Mall.
