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IHG teams up with Crocus Group for new Holiday Inn, Moscow

11 March 2009 Press Release Hotel News

IHG (InterContinental Hotels Group) and Crocus Group have signed a deal to build the world’s biggest Holiday Inn hotel in Moscow, with an investment of more that $100m from Crocus Group.Under the historic 20 year management contract, construction is scheduled to start on the 1,000 bedroom hotel in 2011 with the hotel set to open in 2014. It will be located in Crocus City in the rapidly developing Krasnogorsk area of Moscow.