HVS EMEA Hospitality Enews – Week Ending

Hungary For A Hard Rock Hotel | US-based Hard Rock International has teamed up with Hungarian company Eurovegas Hungary Ltd to develop a mixed-use resort in northwest Hungary. The resort will be located near to Vienna, in Austria; Bratislava, in Slovakia; and Hungary’s capital Budapest. The Hard Rock Hotel and Casino Hungary is expected to open with more than 600 rooms at the beginning of 2012. A total of €5 billion is to be invested in the project over ten years.

Meridia Capital Cools Down With A Lot of Lolly | In these hot summer months nothing is nicer than cooling down with a nice ice lolly. Meridia Captial thinks so too, but it has a different type of lolly in mind…the type you can buy a hotel with! The private equity group has obtained financing for three projects in Paris, France, including the 90-room W Paris-Opera. This property, which is scheduled to open in 2011, will be its first hotel in Europe and it will be operated by Starwood Hotels & Resorts. The long-term syndicated loan is being provided by three Spanish financial institutions: la caixa, Banco Bilbao Vizcaya Argentaria, and Banco Sabadell. Meridia’s other projects in Paris are the acquisition of a building in the city centre and a new retail area.

Rezidor’s Royal Visit To Moscow | Rezidor Hotel Group has announced hotel number three for the Russian capital Moscow. The Radisson Royal Hotel Moscow is expected to roll out the red carpet and open to the public on 1 December 2009, with 507 rooms and 38 serviced apartments. The hotel, which previously operated as the Hotel Ukraina, is currently undergoing an extensive refurbishment and renovation before being brought under the wing of the Radisson brand. Rezidor will run the property in partnership with JSC Ukraina Hotel, the hotel’s owner.

A New Scandic Hotel For Oslo | Stockholm-based hotel company Scandic has signed a long-term management agreement with Fornebu Hotell AS for a new hotel in Oslo, Norway. Construction is expected to start on the 300-room Scandic Fornebu in 2010, and the hotel is scheduled to open in spring 2012 in the Fornebu business park, on the shores of Oslo Fjord.

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