IHG signs InterContinental Hotel in St Petersburg

As InterContinental Hotels Group (IHG) today celebrated the InterContinental brand’s return to Russia with an opening ceremony at the InterContinental Moscow Tverskaya, the company also signed a second InterContinental hotel in Russia.

The 173-room InterContinental St Petersburg will mean the InterContinental brand has a presence in Russia’s two capital cities, after a decade away. The management contract with Petersburg City, a subsidiary of VTB Development, sees the new build hotel set to open in 2016.

The striking trapezoid-shaped hotel will have 159 rooms, 13 suites and a presidential suite.

With nearly 1,000 square metres of function space, including seven meeting rooms and a ballroom that spans over 300 square metres, and with its location near the major business centres, the hotel will be ideal for meetings and conferences.

The Europe Embankment complex will open in 2016 when the developers complete the first building, the Eifman Ballet Theatre. Construction of the hotel is due to begin in 2013.

IHG has made no secret of its commitment to growth in Russia, announcing its plans to have 100 hotels across Russia and the CIS open and in the pipeline by 2020.