“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
A record 131 economies around the globe reformed business regulation in 2008/09, according to the IFC–World Bank Doing Business 2010 report.
more »
The World Bank’s Board of Directors today approved a US$5 million grant to improve the quality of electricity services in Haiti and strengthen the financial and operational performance of Electricité d’Haïti, the public electricity utility.
more »
Firuza Ziyoeva, a 42-year old mother of five, lacks any sustainable income for her family – her husband is unable to work due to disabilities and their children are all young.
more »
The Managing Director of the International Monetary Fund (IMF), Mr. Dominique Strauss-Kahn, made the following statement today regarding Singapore’s commitment to increase fourfold its contribution to the Fund’s New Arrangements to Borrow (NAB) by US$1.5 billion, to a total of US$2 billion.
more »
Statistics Lithuania reports that, based on non-final data obtained from customs declarations and Intrastat reporting data, exports in I half-year 2009 made LTL 19 billion, while imports – LTL 21.2 billion.
more »
Since 7 September 2009 AB Bank SNORAS for residents and economy subjects begins to distribute a new savings product - certificates of deposits.
more »
“We are 53 diverse countries differently affected by the crisis, 1 billion people that cannot be ignored”. That was the stark message to Members of Parliament's Development Committee from Donald Kaberuka, the head of Africa's Development Bank at a hearing on 3 September in Brussels.
more »
The European Investment Bank has granted a EUR 450 million loan to AENA (Aeropuertos Españoles y Navegación Aérea) for upgrading and expanding Spain’s air traffic control facilities in order to optimise their overall efficiency and ensure that they comply with international regulations.
more »
Statistics Lithuania informs that in August 2009, against July, prices for total industrial production sold increased by 0.9 per cent.
more »
Despite signs the near two-year U.S. recession may be over - Americans are still finding it hard to get a job.
more »