IHG has signed a franchise multiple development agreement (MDA) with Regional Hotel Chain to develop 15 new hotels in Russia by 2019, which, when open, will double the dimensions of IHG’s estate there because it stands today, and could introduce the vacation Inn Express brand to the region for the primary time. The 15 new Holiday Inn Express hotels will add approximately 2,250 rooms, when signed, to IHG’s current Russia development pipeline of over 1,700 rooms (5 hotels). The locations for the 1st two of those hotels are Chelyabinsk and Voronezh. Holiday Inn Express Voronezh – Kirova is because of open within the second 1/2 2014 and Holiday Inn Express Chelyabinsk – Central Station, is scheduled to open in summer 2015. IHG’s chief executive officer, Europe, Angela Brav said:  “This...
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