Rezidor Announces the Park Inn Lipetsk, Russia
JANUARY 13, 2010 - The Rezidor Hotel Group, one of the fastest growing hotel companies worldwide, announces the Park Inn Lipetsk in Russia. The new hotel featuring 237 rooms is under construction and scheduled to open its doors in 2012.
“This hotel marked our 35th signing in 2009. Despite the challenging climate, we could add almost 7,000 rooms to our portfolio across Europe, the Middle East and Africa”, says Kurt Ritter, President & CEO of Rezidor. “At the same time this agreement is a further symbol for our commitment to Russia - this emerging region belongs to our most important markets for future business development”, continues Ritter. Rezidor now has over 8,500 rooms in operation or under development in Russia, including nearly 5,000 Park Inn rooms.
Lipetsk is located 450 km south of Moscow and has a population of 500,000. It is the capital of the regional Oblast and the administrative, industrial and cultural centre of the area. Its industrial base is expanding, strengthened by the existence of a Special Economic Zone within the city. It is particularly known for its steel production, through the presence of Novolipetsk Steel (one of the largest steel firms in Russia).
The Park Inn hotel will be located on a prime site south of the city centre and 300 m from the River Voronezh. Besides 237 rooms it will feature an all day dining restaurant, a Paulaner micro-brewery, two bars, and the city's finest conferencing and leisure facilities. Developer of the project is Joint Stock Company “Kuznetskiy Most Development”, one of the most experienced and professional companies on the Russian market.
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
