The Four Seasons Hotel in Moscow, located opposite the Kremlin, was nationalized by the decision of the Moscow Meshchansky Court.
According to Turkrus.ru, the decision to nationalize the hotel was made after the hotel's former owner Alexei Khotin was convicted of embezzlement in March and sentenced to 9 years in prison.
Moscow real estate market experts estimate that a luxury property like the Four Seasons Hotel Moscow is worth around 5.5-6 billion rubles.
Design Hotels, the community-driven portfolio of nearly 300 independent hotels announced 29 signed agreements and 10 percent growth of its global portfolio within the last 12 months.
Liberty Hospitality Group introduced XO Cape Arnna, its new and extraordinary brand for the upper segment, at World Travel Market (WTM) London 2024.
Stating that negotiations are in full swing to further expand Rixos Hotels Egypt, Erkan Yıldırım said: “As Rixos, we will increase the number of hotels here to 16-17 within two years. The number of ou
Rixos Hotels continues to promote its innovative and hospitality approach. Rixos Hotels took its place at the World Travel Market in London and signed important projects for 2025.
Russian President Vladimir Putin has asked to extend the zero VAT for hotels until the end of 2030.
From the opening of the first Hilton hotel in San Sebastián to the launch of nine new brands, including Canopy by Hilton in Taksim, Istanbul, Hilton has announced the hotels expected to open in 2025.
