The company's General Director Vladimir Ivanov says that the reconstruction of this branch of the hotel will be 2/3 complete by the end of this year. It will end fully by March, 2002. 72 rooms have been put into operation so far. The reconstruction took about half a year. It is expected that investments will be fully repayed in a year. It is necessary to reconstruct 3,000 sq. m of room area in the building, which will require about $500,000 more. It is also planned to give the new hotel a new name.

News source: FONTANKA.RU
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