L&RP invests 230 million dollars in construction of three socially-business centers Hilton in cities of Russian Federation
British investment fund London and Regional Properties (L&RP), which represents interests of company Hilton in Russia, invests about 230 million dollars in construction of three socially-business centers Hilton in Rostov-na-Donu, Omsk and Kazan.
Investments in socially-business centers in Omsk (four stars) and Rostov-on-Don (five stars) will make 200 million dollars. The Center in Kazan (three stars) will be smaller and its construction will require 30 million dollars. It is planned to realize these projects within three years.
In the long term the fund plans to construct hotels and business centers Hilton in all large cities of Russia. We shall remind, that earlier it was informed that in June 2007 company Hilton has signed agreement with L&RP and according to the agreement within the nearest 5-7 years Hilton together with the partner L&RP will open 25 hotels in Russia.
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