Sistema buys 9 Radisson hotels, 1 Olympia Garden hotel in Russia - Consumer Goods & Retail - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Sistema buys 9 Radisson hotels, 1 Olympia Garden hotel in Russia

MOSCOW, Mar 9 (PRIME) -- Cosmos Hotel Group, a subsidiary of Russian multi-industry holding Sistema, has closed the acquisition of nine Radisson hotels, including Park Inn by Radisson, Radisson Blu, Radisson Blu Royal, and one Olympia Garden hotel from NorwayТs Wenaas Hotel Russia AS for 200 million euros, Sistema said in a statement on Thursday.

The hotels are located in St. Petersburg, Moscow, Murmansk, and Yekaterinburg, and their combined revenue amounted to 4.3 billion rubles in 2021 and to 6.2 billion rubles in the pre-pandemic year of 2019.

(75.4577 rubles Ц U.S. $1)

End

09.03.2023 19:14
 
 
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