Gennady Korban will build up hotels brands in Kiev with InterContinental Hotels Group

The particular worldwide hotel owner InterContinental Hotels Group will bring the industry of Ukraine brand new brand names - Hotel Indigo and Staybridge Suits. Seeing that became noted, the organization signed a letter of intent on the actual control over the hotel in Kiev together with business of Dnepropetrovsk business person Gennady Korban.

The other day InterContinental signed a letter of intent with the business inch Budinvest on the management of the accommodation on Gorkogo str., forty-four, told BOSS connected with inch Budinvest inch corporation to some extent owned and operated through Gennadiy Korban. Based on Ms. Novikova, the hotel will build up 2 brand names of InterContinental: the first 10 flooring from the hotel will be occupied with Inn Indigo ( about ), and also the remaining twelve floors - with Staybridge Suits ( about more than 70 apartments ). Investments in the construction of the hotel will be $ 30-40 million (repayment time period - about 10 years ). "InterContinental with Axelrod Estate signed a letter of intent to control the hotel in Kiev. This is about the Hotel Indigo as well as Staybridge Suits", - said PR- manager from the business Laura Baker from the UK IHG business office. InterContinental Hotels Group network brings together greater than four. 6 thousands of hotels in a hundred countries around the globe with key count of 678 thousand. It has these hotel brands: InterContinental, The queen's Plaza, Hotel Indigo, Holiday Inn Hotels & Resorts, Holiday Inn Express, Staybridge Suites, Candlewood Suites, and in addition EVEN Hotels as well as HUALUXE Hotels & Resorts. The previous year, net income was $ 21. 2 billion, in the first 6 months of 2013 - $ 10.4 billion. The company is listed on the London and also Ny stock exchanges. For the day of 25/09/2013 capitalization on the NYSE has been Seven. seventy-five billion.

Now in Ukraine there are two hotels managed by InterContinental ( in Kyiv ) - the actual five-star InterContinental ( 272 rooms ) as well as the four-star Holiday Inn ( 208 rooms ). Vice President of Hospitality Jones Lang LaSalle Ivan Kiseev says that things under the brand name Hotel Indigo belong to are part of the category of lifestyle- hotels, in Kiev it entirely possible might be correlated with the four-star section. "We assume that the cost for any room at Hotel Indigo will be in the range of $ 150-200 daily, " - said Natalia Novikova. Mr. Kiseev adds the brand name will certainly compete with Holiday Inn, Radisson Blu as well as Park Inn. Project Development Director of improvement business " Stockman " Sergey Ovchinnikov says that, given the location of the item, variety of rooms should not be any greater than 2 hundred. " Usually, Hotel Indigo objects tend to be placed nearer to the center, in which most economic activities of the city is targeted and where " fashionable areas " are usually placed, - says Mr. Kiseev. the middle of Kiev {expansion.

The brand Staybridge Suits presents flats for long stays. The suite includes a number of bedrooms plus a equipped kitchen. Investment in the construction as well as of the rooms is 10-15% greater than in the identical space of Hotel Indigo. In the "Budinvest" there are predicted that such a synergy will certainly permit to increase the typical annual hotel load when compared to market . " We all spoke with a number of worldwide operators. We all loved the theory offered by InterContinental", - said Ms. Novikova. Industry participants observe that the concept of combining a number of brands item is very usual worldwide. "Various specifics of demand may match within perspective. Item can count on business consumers demand who're interested in a long-term rent of flats for their staff ," - said Mr. Kiseev. Based on him, at first, these kinds of flats could be leased like a standard rooms in hotels. .

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