Russian hotel giant branches into Europe
With 2007 turnover of around $US 50 BLN, Azimut specialises in business-class hotels in 7 large Russian cities, including St. Petersburg and Vladivostok.
The company's General Director hopes the deal will bring European hospitality skills to the Russian market.
“What we need to add to our professional way is technology of the business. The hospitality market in Europe has been working for centuries,” Sergey Lysenkov, CEO of Azimut Hotels Company says.