05 July 2006

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Business Today

Foundation stone laid at the Nevskij Palace Hotel extension

The extension and refurbishment project of the Corinthia Nevskij Palace Hotel as the leading hotel in the City of St Petersburg, Russia, took a major step forward with the laying of a foundation stone by Valentina Matvienko, Governor of the City of St Petersburg.
The Chairman of International Hotel Investments plc (IHI), Alfred Pisani, visited St Petersburg for the occasion and affirmed IHI’s commitment to invest further in the City. “We are very confident of the future of St Petersburg, both as a tourism destination, as also as an important political and economic hub. This augurs well for our project, and indeed underpins our decision to invest a further Euro 75 million in the Nevskij Palace Hotel, by way of upgrading the current facilities, as also re-developing three buildings on either side of our property,” Pisani told guests attending the ceremony.
Governor Matvienko welcomed the investment and confirmed the City’s commitment to supporting IHI’s plans for St Petersburg. The Nevskij project is scheduled for completion in late 2007.
The project features the refurbishment of all public areas in the current hotel and principally the total re-organisation of the hotel lobby, befitting a world-class sense of arrival. The project will also include the upgrade and redevelopment all the hotel’s restaurants.
In addition, the project will feature the extension of the Hotel into the adjoining building at 59 Nevskij Prospekt. This extension will house an additional 105 executive standard bedrooms and a 250m2 Presidential Suite, bringing the hotel’s total inventory to close to 400 bedrooms. The new bedrooms will be supported by a separate executive club lounge, where guests can avail themselves of separate check-in and lounge facilities. Besides, the extension will feature the city’s first hotel conference centre, with some 14 state-of-the-art meeting rooms including a Grand Ballroom. Over 1,000 guests can be accommodated in the conference centre, thus enabling Corinthia to internationally market St Petersburg as a top class destination for meetings and events for international companies.
At 55 Nevskij Prospekt, the project will feature the development of Nevskij Plaza, a prestigious, elite commercial centre. The first two floors of Nevskij Plaza will house exclusive and upscale retail outlets, while the remaining six floors will accommodate premium offices for rent. To provide ease of access and comfort to tenants, guests and customers, the commercial centre will be directly connected to a purposely-built multi-storey car park in Stremyannaya Street.

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