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CORINTHIA NEVSKIJ PALACE HOTEL HOSTS G-8 SUMMIT DELEGATIONS, ST. PETERSBURG, RUSSIA (New York, NY . July 19, 2006) -   The International Hotel Investments plc (IHI) owned Corinthia Nevskij Palace Hotel in St Petersburg, Russia was proud to welcome the official delegations of China and India for the city's most important political event of the year, the G-8 Summit meeting held in the Russian city from the 15th to the 17th of July 2006. China and India were special invitees at the Group of Eight Summit.        The Chinese Republic's contingent was headed by the country's President Hu Jintao, while India's Prime Minister Singh Manmohan led his country's delegation. Gerold Held , General Manager , Corinthia Nevskij Palace Hotel personally welcomed both dignitaries. The Corinthia Nevskij Palace Hotel, already one of St Petersburg's leading five-star hotels, has begun a 75 million Euro extension and refurbishment project, which will make it one of the city's most prestigious hotels. The project was announced last week by IHI Chairman Mr Alfred Pisani at a foundation stone laying ceremony at the hotel, attended by her Excellency Valentina Matvienko, Governor of St Petersburg. IHI is a public company based in Malta with hotel investments in Lisbon, Malta, Budapest and St Petersburg. The Company's hotels are operated by Corinthia Hotels International, one of the fastest growing hospitality chains in Europe, and an associate company of IHI that operates 20 outstanding upscale city and resort hotels in Belgium, the Czech Republic, Hungary, Libya, Malta, Portugal, Russia, The Gambia, Togo, Tunisia and Turk. For more information on Corinthia Hotels International 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.

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