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Sunday, March 4, 2007

InterContinental goes to Kiev

In Kiev, at 2008 will open the first five star international hotel chain InterContinental, which last week signed an agreement with Kiev development company, Yaroslavov Val. According to the Baker & McKenzie, which provided legal support to Yaroslavov Val, Inter will manage hotel complex with 280 rooms. The building will be owned by Yaroslavov Val. The terms of the agreement foresee the prolong of the hotel operation under InterContinental brand if the owner of the building will changed.

Intercontinental Kiev coming to InterContinentals Hotels Group, which owns, manages, leases and the gives right to use its trademark through local branches. The Inter has 3,680 hotels in almost 100 countries around the world.

InterContinental Kiev-third project which Baker and McKenzie provides advice and support for international hotel operators at the Ukrainian market. The company, consulted the owner of Hyatt Regency Kiev (Industrial Union of Donbass, Donetsk). As well as Hilton Kiev.

This project of a hotel complex on the B. Zhitomirskaya str. , Yaroslavov Val started at 2001. Then Kiev city council recommended to decrease total floors number, which has been planned as 10 floors.

Yaroslavov Val created in March 2001, has worked in the construction, leasing, real estate sales in Kiev. The company has some significant projects in commercial real estate, in particular K13 sqm "A" class business centre "Leonardo" was sold to Irish "Quinn Group" at 2006.