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International Hotel Investment Forum (IHIF) Recognizes Radisson SAS
in St. Petersburg With �Deal of the Year� Brussels, April 2002... Radisson
SAS� new MEUR 34.5 (approx. $30.4 million USD) development in the heart
of St. Petersburg, Russia, was recognized by the global financial community
as the �Deal of the Year� at the International Hotel Investment Forum (IHIF)
in Berlin, March 19-21, 2002.
The deal was one of four short-listed in the New Development category,
which also included The Lowry Hotel in Manchester, Hilton at Copenhagen
Airport and Hilton Trafalgar in London.
Kurt Ritter, President & CEO, who received the award on behalf of Radisson SAS Hotels & Resorts and all partners involved said, �The recognition of this exciting project confirms that this was a complex but rewarding deal. Seven years ago we took the first step, as we firmly believed this was a worthwhile investment in a country with great potential. We have already started reaping the positive returns. We are now extremely proud of this flagship hotel in this fascinating city, and we thank the industry experts who recognized our pioneering efforts in this region.� Radisson SAS Hotels & Resorts currently includes 147 hotels in operation
and under development in 37 countries, including four hotels in Russia
in St. Petersburg, Moscow and Sochi. ). For reservations or information,
call
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Chuck Mardiks
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