Rezidor Hotel Group said on Wednesday that it is going to open three new hotels with a total of 969 rooms in Russia. The hospitality group said Park Inn Volgograd with 173 rooms is scheduled to open in the second quarter of 2010, followed by the Park Inn Kaliningrad (276 rooms) in the first quarter of 2011 and the Radisson Grand Hotel Rostov-on-Don (520 rooms) in the third quarter of 2011.
Portuguese real estate investor and developer Bondstone is investing around €70 mln in a residential development in Belas Clube de Campo, municipality of Sintra, Portugal.
