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Governor Valentina Matvienko and International Hotel Investments Chairman Alfred   Pisani  at the foundation stone laying ceremony.

CORINTHIA NEVSKIJ PALACE HOTEL, ST PETERSBURG, RUSSIA

The extension and refurbishment project of the Corinthia Nevskij Palace Hotel as the leading hotel in St Petersburg, Russia, took a major step forward with the laying of a foundation stone by her Excellency Valentina Matvienko, Governor of St. Petersburg.

The Chairman of International Hotel Investments plc (IHI), Mr Alfred Pisani, visited St. Petersburg for the occasion and affirmed IHI's commitment to invest further in the City. "We are very confident of the future of St Petersburg, both as a tourism destination, as also as an important political and economic hub. This augurs well for our project, and indeed underpins our decision to invest a further Euro 75 million in the Nevskij Palace Hotel, by way of upgrading the current facilities, as also re-developing three buildings on either side of our property", Mr Pisani told guests attending the ceremony.

Governor Matvienko welcomed the investment and confirmed the City's commitment to supporting IHI's plans for St Petersburg. The Nevskij project is scheduled for completion in late 2007.

The project features the refurbishment of all public areas in the current hotel and principally the total re-organisation of the hotel lobby, befitting a world-class sense of arrival. The project will also include the upgrade and redevelopment all the hotel's restaurants.

In addition, the project will feature the extension of the Hotel into the adjoining building at 59 Nevskij Prospekt. This extension will house an additional 105 executive standard bedrooms and a 250m2 Presidential Suite, bringing the hotel's total inventory to close to 400 bedrooms. The new bedrooms will be supported by a separate executive club lounge, where guests can avail themselves of separate check-in and lounge facilities. Besides, the extension will feature the city's first hotel conference centre, with some 14 state-of-the-art meeting rooms including a Grand Ballroom. Over 1,000 guests can be accommodated in the conference centre, thus enabling Corinthia to internationally market St Petersburg as a top class destination for meetings and events for international companies. 

    At 55 Nevskij Prospekt, the project will feature the development of Nevskij Plaza, a prestigious, elite commercial centre. The first two floors of Nevskij Plaza will house exclusive and upscale retail outlets, while the remaining six floors will accommodate premium offices for rent. To provide ease of access and comfort to tenants, guests and customers, the commercial centre will be directly connected to a purposely-built multi-storey car park in Stremyannaya Street.

About Corinthia Hotels International (CHI)

CHI, a Malta-based Hotel Group, is one of the fastest growing hospitality chains in Europe. It currently has upscale properties in 11 exciting destinations spanning Europe, Africa and the Mediterranean.  Among its five-star properties, Corinthia boasts two Award-winning hotels: Budapest's Corinthia Grand Hotel Royal received Europe's "Best Hotel Architecture Award" and was recently selected to join the privileged list of "The Most Famous Hotels in the World."  Prague's Corinthia Towers Hotel was voted best MICE Hotel 2004 by WorldHotels out of the organization's 500 affiliated hotel properties worldwide.

 

 For more information visit www.corinthiahotels.com; Reservations: World Hotels (800) 223-5652 ; US Sales Office: Ann J. Tillman, Vice President, Sales & Marketing, CHI North America, (212) 808 6502.