Starwood Hotels & Resorts Worldwide has executed a long term agreement to manage the newly named Le Meridien St. Petersburg in the historic city of St. Petersburg, Russia. This is the latest addition to the Le Meridien portfolio since Starwood acquired the brand in November 2005 and represents the third Le Meridien property in Russia. Formerly the North Crown Hotel, the project is financed by Evrofinance Mosnarbank through one of its subsidiary, and managed by Le Meridien.

"As Le Meridien continues to grow its global footprint, our focus is on international destinations that brings the brand`s passion points - art, architecture, design, cuisine and fashion - to life. With St. Petersburg`s rich history, cultural offerings, spectacular art and architecture, it is an ideal location for Le Meridien," stated Eva Ziegler, senior vice president of Le Meridien brand.

Scheduled to open in 2008 following an extensive renovation, the property is in the Petrogradskaya district of St. Petersburg, an area steeped in spectacular art and architecture, imperial treasures, historic opulence and old world charm.

"We are honored to partner with Evrofinance Mosnarbank and excited about this opportunity to once again be a part of the vibrant city of St. Petersburg - Russia`s second largest city, and the country`s most important leisure destination," said Roeland Vos, president of the Europe Africa and Middle East Division of Starwood Hotels & Resorts Worldwide.

"This new project is not only illustrative of Le Meridien`s core values but also represents a perfect addition to Starwood`s ever-expanding presence in Russia which presently includes three Moscow properties - the Sheraton Palace Hotel, Le Royal Meridien National, and Le Meridien Moscow Country Club," he added.

Construction and design management for Le Meridien St. Petersburg will be provided by Bovis Lend Lease International.

News source: traveldailynews.com
Print this news