Horwath HTL Russia and Horwath HTL Hungary Negotiate a New Build First Four Points By Sheraton in Russia

By On 04th March 2013

Moscow, March 1st, 2013

Horwath HTL Russia and Horwath HTL Hungary, part of Horwath HTL the worlds oldest and largest Hospitality Consulting Network, has successfully completed management contract negotiations for a brand new Four Points By Sheraton Hotel to open in Russia in 2016. The hotel, scheduled to open in 2016, Four Points by Sheraton Moscow Vnukovo Airport will be situated near Vnukovo International Airport’s new Terminal.

The agreement, between Starwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT) and Sport-Complex Vnukovo CJSC to open a new-build Four Points by Sheraton Moscow Vnukovo Airport hotel in the Russian capital. Scheduled to open in 2016, the hotel will be close to the new terminal at Moscow’s Vnukovo International Airport, Russia’s third largest airport and the closest to the city centre. This deal is part of Starwood’s strategic expansion plans in Russia, which include the opening of seven new hotels in the country in the next three years under the company’s Sheraton, Four Points by Sheraton and Aloft brands.

Marius Gomola, Managing Director of Horwath HTL Russia and Horwath HTL Hungary said. “We are delighted to have been able to facilitate the contract negotiations between our client, Sport-Complex Vnukovo CJSJ and Starwood Hotels & Resorts Worldwide. The brand is globally recognised and will be a good match at the new terminal. Russia is an extremely dynamic and fast moving hotel market and we are happy we could use our experience to serve our client successfully.”

Marina Hvostova, General Director SK Vnukovo said “Horwath HTL did tremendous work on this project, identifying potential partners and negotiating on our behalf. We are happy to have signed with Starwood, they have a good track record and internationally recognised brands, we a looking forward to starting construction on the hotel later this year.”

About Horwath HTL

Horwath HTL (Hotels Tourism and Leisure) is one of the world’s pre-eminent consulting specialists in the Hotel, tourism and leisure industries, providing unequalled experience and expertise for client projects around the world through a combination of detailed local knowledge and international understanding. Horwath HTL is currently the world’s largest consulting organisation specialised in hospitality, with 50 offices in 39 countries.

Horwath HTL is a member of Crowe Horwath International, a professional association of accounting and management consulting firms founded in New York in 1915. Crowe Horwath International is currently ranked among the top ten international professional service groups with offices in close to 586 cities in 108 countries.

If you have any questions, please contact James Chappell, Global Marketing Director at jchappell@horwathhtl.com or Marius Gomola on mgomola@horwathhtl.com.

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