Business Week -- The Rezidor Hotel Group (STO:REZT) and the Regional Hotel Chain LLC (RHC) have announced a strategic development agreement for at least 20 Park Inn hotels across the Russian Federation. 10 firm site locations in key Russian cities have already been identified, and another 10 sites are currently being reviewed to add to Rezidor’s solid pipeline. To further highlight their strong commitment, Rezidor and RHC have also concluded management agreements for two Park Inn properties. Both hotels are already at an advanced construction stage in the cities of Astrakhan (132 rooms) and Kazan (145 rooms) – the openings are scheduled for 2010.
