Shangri-La Hotels and Resorts announced it has signed an agreement with China Huaming International Investment Corp. to manage a 400-room hotel in Moscow, which will mark the group's entry into the Russian market.
Set to open in 2012, the hotel will occupy the top floors of a 42-story tower in the Park Huaming Business Centre, a new multipurpose development in the city's northeast sector. The hotel will also include two restaurants, a health club and meeting/banquet facilities.
"Shangri-La Hotels and Resorts is delighted to be partnering with CHMIIC to provide our distinct brand of Asian hospitality to residents and visitors of Moscow," said Madhu Rao, the company's managing director and ceo. "As we continue to expand globally, Russia remains one of our key markets and we look forward to working closely with the Moscow community."
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