The outlook for growth in the hospitality industry in Eastern Europe is bright when looked at from the hotel investment angle. Judging from the number of projects slated for completion before the end of 2018, new hotels from Budapest to Dubrovnik will be cropping up across the region.
Developed in conjunction with one of the groups’ most important Russian partners, the Regional Hotel Chain, the 150-room, mid-market property is scheduled to open up to guests for the first time in 2014. Located in the center of Novosibirsk, the hotel lies in immediate proximity to both a subway station and the main railroad terminal. Aside from its 150 guest rooms, Park Inn Novosibirsk is set to offer facilities including an all-day gourmet restaurant, a luxury spa and gym, lobby bar and five conference rooms.