Plans to expand to other Baltic states
Published:
27 June 2003 y., Friday
The business operations of the Viru Hotel in Tallinn, which is the largest hotel in the Baltic states and a landmark of the Estonian capital, will be acquired by SOK.
SOK is the central organisation of the S-Group, which runs supermarket chains Prisma, Alepa, and S-Market in Finland. Sokos hotels are also part of the group, and Viru will now become the first foreign hotel in the chain. SOK will take over the operations of the Viru Hotel in September. The property itself will not be sold, so Sokos Hotel Viru will officially be a tenant.
According to Matti Pulkki, the head of SOK's hotel and restaurant business, the drawings for a new Sokos hotel in Tallinn had already been completed, but the well-established operations of Viru were deemed a better alternative.
Viru has over 400 rooms, and around one hundred more should be added in spring 2004. A conference centre that can host nearly one thousand guests will be opened in autumn this year. Work on a new restaurant is also close to completion.
Šaltinis:
estoniatimes.com
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
The European Commission approved an application from Spain for assistance from the EU Globalisation Adjustment Fund (EGF).
more »
The European Commission today reiterated the potential of existing EU-rules on mediation in cross-border legal disputes, reminding Member States that these measures can only be effective if put in place by Member States at national level.
more »
Exports of animals and animal products from the European Union to Russia are expected to receive a boost after five new certificates for exports between the EU and the Russian Federation entered into force on August 15.
more »
World Bank Group President Robert B. Zoellick visited Moldova on August 11-12 at the invitation of Prime Minister Vlad Filat.
more »
These are the financial results of the banking activities of the Danske Bank Group in Lithuania (Danske Bankas and Danske Lizingas UAB).
more »
The European Investment Bank (EIB) today signed its first loan agreement with Armenia.
more »
Given the worsening food crisis in the Sahel, the Commission today agreed to disburse €14.9 million for food security in Niger, the worst affected country in the area.
more »
The European Commission has cleared under the EU Merger Regulation the proposed restructuring of Arnotts' debts in return for a transfer of control to Anglo Irish Bank and Royal Bank of Scotland (RBS).
more »
The European Commission today approved a new financial support package of €135 million for Morocco.
more »
The European Commission is allocating an extra €10 million in humanitarian aid for Liberia.
more »