Interstate Hotels & Resorts, Arlington, Virginia, announced on Thursday that it was selected to manage six hotels in Sochi, Russia currently under development by NBB-Development, Moscow.
The properties, which will aggregate 1,564 rooms and are expected to open in the fall of 2013, comprise a city center business hotel, a golf resort and four mixed-use resort properties in the Krasnaya Polyana ski town in the Caucasus Mountains near the coastal city.Sochi was a very popular tourist destination for Russians during the Soviet era and is now experiencing a new wave of development ahead of the games.Sochi, located on the Black Sea in southwestern Russia, will be the site of the 2014 Winter Olympics, with many of the events taking place around Krasnaya Polyana. But Interstate says it is optimistic about the hotels' long-term potential after the Olympic crowds head home.
