Radisson Comes To Nevsky Prospect

In mid-2000 a four star hotel is to appear on the corner of Nevsky and Vladimirsky Prospects.

<BR>In mid-2000 a four star hotel is to appear on the corner of Nevsky and Vladimirsky Prospects. <BR>The hotel is to be founded by Danish company Radisson SAS, Turkish construction company UCGEN, the Russia-America investment fund and ZAO Moskva-America. 24 documents founding a company and securing investment, etc., are to be signed on 19 October. The investment volume is reported to be around $30m, including a loan of $17m from the EBRD.