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FINANCIAL NEWS
Dubai’s Jumeirah selected to manage Moscow’s Tsarev Sad: Paper
01 Sep 2012
(MENAFN) Dubai’s Jumeirah Group has been awarded a contract to run the Tsarev Sad apartment hotel near the Moscow Kremlin, local media reported.
Jumeirah, which owns and operates Burj Al Arab hotel in Dubai, will manage the hotel which is part of a major construction project in the capital, Russian newspaper Vedomosti said.
The multifunctional complex started in the late 1990s but has previously been shelved by funding problems.
Jumeirah Restaurants, a division of the hotel group, last year said it has signed a license agreement with Ingeo Limited to open eight restaurants in Moscow.
Jumeirah currently runs properties in Abu Dhabi, Dubai, Frankfurt, Istanbul, London, Maldives, Mallorca, Rome and Shanghai.
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