Rezidor to open new hotel in Russia

Belgian hotel group Rezidor has signed an agreement to open a new hotel in Russia. Park Inn Lipetsk, featuring 237 rooms, is under construction and scheduled to open in 2012. 'This hotel marked our 35th signing in 2009. Despite the challenging climate, we could add almost 7,000 rooms to our portfolio across Europe, the Middle East and Africa', said Kurt Ritter, President & CEO of Rezidor. 'At the same time this agreement is a further symbol for our commitment to Russia - this emerging region belongs to our most important markets for future business development', he added.

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