“Holiday Inn” Hotel Chain Comes to Lithuania
Published:
22 March 2001 y., Thursday
Lithuanian Investment Company “Invalda” and “Bass Hotels & Resorts”, one of the world’s biggest hotel chains, signed a 20 year franchise agreement for the operation of a “Holiday Inn” hotel in Vilnius.
The planned investment is USD 7.5 million. The construction of the new hotel will start in April. “The new six story hotel will open in the first half of 2002 and will have 134 rooms, a conference hall, a restaurant, a parking lot, etc.”, said Alvydas Banys, “Invalda’s Vice-president.
Michael A.Cooper, “Bass Hotels&Resorts” Director for Central and Eastern Europe named Lithuanian hotel market as one of the most promising in the region. “This is our first step in the Baltic States and we also have plans for Riga and Tallinn in the near future” said M.A.Cooper.
“Bass Hotels&Resorts” operate “Inter_Continental”, “Crowne Plaza”, “Holiday Inn”, “Holiday Inn Express” and “Staybridge Suites by Holiday Inn” hotel chains.
The “Holiday Inn” hotel chain was founded in 1952 and now has 1,500 hotels across the world. It is the eighth hotel chain in Lithuania alongside with “Radisson SAS”, “Best Western”, “Le Meridien”. “Relais &Chateaux”, “Reval Hotel Group”, “Minotel” and “Scandic Hotels”.
Šaltinis:
lda.lt
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
Elinor Ostrom -- an American professor who developed ways to manage common property - is the first woman to win the Nobel prize for economics.
more »
The European Commission has today approved an application from the Netherlands under the Globalisation Adjustment Fund (EGF) for € 386 114 to help 435 workers made redundant by Heijmans N.V., a Dutch construction company, back into jobs.
more »
Seeking to strengthen and further expand product sales in the Asian region, the Lithuanian biotechnology company Fermentas established its subsidiary in China.
more »
Statistics Lithuania reports that, based on non-final data obtained from customs declarations and Intrastat reporting data, exports in January–August 2009 totalled LTL 25.6 billion, while imports – LTL 28.9 billion.
more »
On 6 October 2009 AB Bank SNORAS Board decided to reform the Private Limited Company UAB “SNORO investicijų valdymas” into the Public Limited Company AB „Finasta Holding“, which will control recently obtained „Finasta“ group companies and other Bank SNORAS group companies, engaging in investment management.
more »
If your airline goes bankrupt and leaves you stranded what are your legal rights? Members of the Parliament's Transport Committee want grounded passengers to have access to a special compensation fund.
more »
Euro report says currency provided protection from interest and exchange rate turbulence.
more »
Statistics Lithuania informs that in September 2009, against August, prices for total industrial production sold dropped by 1.6 per cent.
more »
The European Bank for Development and Reconstruction (EBRD), the European Investment Bank (EIB) Group, and the World Bank Group* on Monday warned against complacency in the face of significant challenges that stand in the way of economic recovery in Central and Eastern Europe.
more »
The leader of the country’s investment products’ market – AB DnB NORD Bankas – intends to issue up to EUR 300 million nominal value corporate notes in local and foreign markets over the next 12 months.
more »