Brussels-based hospitality group Rezidor has announced it is developing a new Park Inn hotel in St Petersburg. The Park Inn Nevsky Prospekt will be Rezidor's fourth hotel in the Russian city. The new hotel will provide 246 rooms and is expected to open in February 2009. Rezidor said it plans to open 20,000 rooms globally between 2007 and 2009.
Swiss real estate group Investis has boosted its real estate holdings with the CHF 139 mln (€149 mln) purchase of prime residential properties in Vaud canton.
