The Caterer
Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

Greek Hotel buys Belgrade hotel… and other European news

28 April 2006

Greek Hotel buys Belgrade hotel Greek Hotel has purchased Hotel Metropole in Belgrade through its hotel Sofia Balkan in Bulgaria at a price of €27m (£18.7m). Greek Hotel intends to engage in extensive renovation of Hotel Metropole to make it one of the Serb capital's most-luxurious hotels.

Montenegro urges foreign investors to build tourist complex The Montenegrin government wants foreign investors who lease the island of Ada Bojana in the Adriatic Sea to agree to construct a tourist complex, featuring at least one five-star hotel. Other proposals include limiting the total number of beds on the island to 2,500 and to confine construction to only 60 of its 540 hectares. Austrian, US and Turkish investors have reportedly expressed interest in the project, which interested parties have until 5 July to bid on. The lease, which will be valid for 30 years, will cost the winning bidder €2.5m (£1.7m) annually.

British architect to design luxury Moscow hotel British architect Lord Norman Foster will help design a new luxury hotel in Moscow. The hotel will replace the ageing Hotel Rossiya in the historic Zaradye area near Moscow's Red Square. The project, to be led by Shalva Chigirinsky's ST Development, will cost some US$800m (£439m). The Rossiya is to be demolished in 2007 at a cost of £13.4m and the new hotel constructed within two-and-a-half years. The project is the third collaboration of Chigirinsky and Foster in Russia. The other two are the redevelopment of New Holland Island in St Petersburg and construction of the Russia Tower in Moscow, intended to be the tallest in Europe.

Source: CEN

Get your copy of Caterer and Hotelkeeper every week -

The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.

close

Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking