Azerbaijani businessmen launch hotels at high level in St. Petersburg

Azerbaijani businessmen launch hotels at high level in St. Petersburg
# 17 June 2010 15:14 (UTC +04:00)
Baku. Lachin Sultanova – APA-Economics. Azerbaijani businessmen launch hotels at high level in St. Petersburg.

The owner of the building International Baltic Capital Company signed protocol of intention with the operator of the hotel Fairmont Raffles Hotels International (FRHI). The contract about management will be signed on June 18.

The new hotel will be launched on January 1, 2011, as Swissotel. The capitals of this project is $ 25 mln. The credit was allocated by International Bank of Azerbaijan. The bank allocated 70 mln euro to the construction of more new hotels in the center of ST.Petersburg.
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