HVS Moscow is pleased to announce its role as the hospitality advisor to the Regional Hotel Chain in their plans to develop Holiday Inn Express hotels across Russia. IHG (InterContinental Hotels Group) has signed a franchise multiple development agreement (MDA) with Regional Hotel Chain, a portfolio company of VIY Management (VIYM) to develop 15 new hotels in Russia by 2019.
The locations for the first two of these hotels are Chelyabinsk and Voronezh. Holiday Inn Express Voronezh – Kirova is due to open in the second half of 2014, and Holiday Inn Express Chelyabinsk is scheduled to open in summer 2015. HVS Moscow worked on the feasibility studies for these projects, prior to RHC & IHG announcing their development deal. HVS Moscow has also completed feasibility studies on additional markets, which will be announced shortly.
“HVS played an important role in our plans to develop Holiday Inn Express hotels across Russia,” explains Vladislav Smirnov, CEO, Regional Hotel Chain. “Their knowledge of hotel dynamics in the Russian market as well as global perspective helped us to better understand the potential of this venture. We look forward to future projects with HVS.”
About HVS Moscow
HVS Moscow, established in 2007, conducts assignments within Russia and the Commonwealth of Independent States (CIS) as well as Georgia and the Baltic Region (Latvia, Lithuania and Estonia) for leading hotel companies, banks, and hotel development and investment groups. Led by Managing Director Tatiana Veller, our consultants have advanced degrees in hotel management and possess hotel operating experience. With hotel development in the region still a strong investment, HVS Moscow assists hotel owners, operators, and developers with feasibility studies, valuations, strategy and branding advisory, retained executive search, mid-management recruitment, compensation consulting and performance management.
HVS is the world’s leading consulting and services organization focused on the hotel, mixed-use, shared ownership, gaming, leisure, and restaurant industries. Established in 1980, the company performs 2,500+ assignments each year for hotel and real estate owners, operators, and developers worldwide. HVS principals are regarded as the leading experts in their respective regions of the globe. Through a network of more than 30 offices and 450 professionals, HVS provides an unparalleled range of complementary services for the hospitality industry. HVS-Your Trusted Hospitality Advisor. Visit www.hvs.com.