Corinthia Hotels announces the re-launch of its luxury hotel in St. Petersburg, Russia

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Corinthia Hotels announced the re-launch of its refurbished and extended 400-bedroom luxury hotel on Nevskij Prospect in St.

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Corinthia Hotels announced the re-launch of its refurbished and extended 400-bedroom luxury hotel on Nevskij Prospect in St. Petersburg, Russia, having more bedrooms and more facilities under one roof than any other luxury hotel in the city.

Her Excellency the Governor of St. Petersburg, Valentina Matvienko, officially inaugurated the new hotel at a grand opening ceremony on Monday, May 25.

His Excellency Professor Guido de Marco, President Emeritus of Malta; Mr. Alfred Pisani, Founder and Chairman of Corinthia Hotels; and Mr. Vadim Tulpanov, Chairman of the Legislative Assembly of St. Petersburg, also presided over the grand ceremony, at which several dignitaries from Russia and overseas attended.

The Corinthia Nevskij Palace Hotel was acquired as an operating hotel in 2002 by International Hotel Investments (IHI) plc, a Malta-based hotel investment, development and management company, which owns and manages Corinthia Hotels worldwide. At the time, IHI also acquired the vacant grand properties on either side of the hotel on the city’s main boulevard.

Over the past two years, IHI has invested a further Euro 100 million (approximately US$140 million), including the total refurbishment of the original hotel, complete with a brand new and larger grand foyer and a new restaurant and new bars. The adjoining buildings on either side of the hotel, which had been acquired in a state of serious disrepair, were demolished and carefully reconstructed with ornate facades matching their original splendor and rebuilt using traditional techniques.

One of the adjoining properties at Nevskij 59 now houses the executive wing of the Corinthia Hotel, featuring 107 executive suites and bedrooms along with a 250-square-meter Presidential Suite and an executive lounge, bringing the hotel’s total inventory to almost 400 rooms. The centerpiece of this extension is the Grand Ballroom, seating close to 600 persons, which is the largest meeting space of its kind in any five-star hotel in the city of St. Petersburg. The ballroom is further supported by a suite of 14 executive meeting rooms. Over 1,200 guests can be accommodated at any one time in the conference facilities.

The other adjoining property, at Nevskij 55, now houses a stand-alone retail mall and commercial center, which will be officially inaugurated later this year.

In her address to the guests attending the Grand Opening, Governor Matvienko welcomed this major investment into St. Petersburg as a further sign of confidence in the continued growth and prosperity of the city of St. Petersburg.

President Emeritus de Marco welcomed this project as a sign of the strong and excellent relations existing between the Russian Federation and the Republic of Malta.

Mr. Pisani, in his address, told the gathering that Corinthia Hotels is committed to the long-term future of the city of St. Petersburg and is proud to have played an important part in providing the necessary hotel infrastructure, at the luxury level, to attract increasing numbers of visitors to the city. In particular, the international meetings and conference market will benefit from the availability of the extensive facilities now available at the Corinthia Hotel.

Corinthia Hotels is a collection of luxury hotels in Malta, Russia, Budapest, Prague, Lisbon, Tripoli, and soon in London where a major landmark hotel is currently under construction.

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