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.
Private asset management company Kryalos has completed the acquisition of a light industrial property in Rome, through its Mars fund.
