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A new four-star hotel will be built in the center of business activity of Kazan by the end of 2011 or early in 2012. Construction works will be supervised by the Clover Group Holding Company, a leading development company in Russia, and the Rezidor Hotel Group, a large-scale international hotel operator, should manage the hotel in future. By estimation, its construction will cost about 30 million euros, but investments should be compensated in about three years even in case of 60-70% load of the hotel.
The hotel will be situated only two kilometers away from the Kremlin of Kazan in a busy district of the city, in Shcherbakovsky Side Street (a few steps away form Tukaya square). There will be 174 rooms, a restaurant, a lobby bar, a fitness club and a conference center with several halls and meeting rooms. The international airport of the capital of Tatarstan is located at the distance of 23 kilometers from the hotel.
The hotel will be a part of the Clover Plaza multifunctional complex that will also include trade, office and leisure areas, a business center, a parking lot and dwelling houses. The whole project will be carried out since the end of the year; its total area will amount to 103 thousand square meters.
Nowadays the Rezidor Hotel Group numbers 19 hotels in Russia (13 of them are under construction), 5000 guest rooms in all. This hotel operator was the first to open the official representative office in Russia 15 years ago.
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Cosmos
President
