October 31, 2013 (interfax)

International hotel operator Jumeirah Group, which is headquartered in Dubai and is a member of Dubai Holding, together with LLC IFG Basis Project, will by 2016 open the first Russian hotel in the chain in St. Petersburg, a spokesman for the LLC, German Aksimovich, told Interfax Thursday.

Investment is estimated at $90 million, of which $40 million will be spent on restoration work. The design of the project intents to maintain all the key elements of the original building, especially the facade and marble floors.

Jumeirah Group told Interfax the operator signed a hotel management agreement with LLC IFG Basis Project.

Jumeirah Group said the hotel would be at 7-9 Nevsky Prospekt at the Vavelberg House, the former Trade Bank building. The hotel will have 74 rooms, including 18 luxury rooms. The hotel will also have three restaurants, a bar, a spa, a hydro-massage pool on the roof, a conference center and boutiques.

St. Petersburg administration in 2010 gave IFG Basis Project permission to restore Vavleberg House and turn it into a hotel.

Jumeirah Group manages 22 hotels, resorts and luxury apartments. It has 11 facilities in the Persian Gulf, six in Europe and 5 in Asia. It also has 15 projects under construction.

The SPARK Interfax database shows that IFC Basis Project belongs to LLC Innovative Development Company, which is owned by Cyprus-based Wellinom Investments Limited and Wellinom Properties Limited, registered in the British Virgin Islands.

Credit: https://interfax.com/newsroom/top-stories/47154/

Jumeirah Group To Enter St. Petersburg, Russia

Jumeirah Group, the global hotel company and a member of Dubai Holding, has signed a management agreement with IFG Basis Proect LLC to manage a luxury hotel on Nevsky Prospect in St. Petersburg, Russia. The hotel is currently under development and is expected to open within the next three years.The hotel will be developed within the structure of Wavelberg House, a building of national cultural importance built in 1912, which stands on the…

Jumeirah Group, the global hotel company and a member of Dubai Holding, has signed a management agreement with IFG Basis Proect LLC to manage a luxury hotel on Nevsky Prospect in St. Petersburg, Russia. The hotel is currently under development and is expected to open within the next three years.

The hotel will be developed within the structure of Wavelberg House, a building of national cultural importance built in 1912, which stands on the corner of Nevsky Prospect and Malaya Morskaya Street, one of the most exclusive addresses in St Petersburg, close to the Hermitage and just 30 minutes from the city’s Pulkovo airport. The interior design by The Gallery, HBA London office, preserves many of the original features of the building, including its distinctive façade and marble floored banking hall. When completed the hotel will consist of 74 rooms, including 18 suites, three bars and restaurants, meeting facilities, a spa and rooftop hydrotherapy pool and prestige retail space fronting onto Nevsky Prospect.

Ilya Sokolov, Director General, IFG- Basis-Proect LLC, said: “We are very proud to be transforming this historic building into a luxury hotel and especially pleased that Jumeirah Group will manage it when it opens. The demand for high-end luxury hotel accommodation in St. Petersburg is strong and we are confident that this new property will capture the imagination of discerning travellers coming to the city.”

Gerald Lawless, President and CEO of Jumeirah Group, said: “Jumeirah’s hotels and resorts in Dubai have always been so popular with Russian visitors that we are delighted now to be able to bring the brand to Russia itself. The good news is that our first hotel in the Russian market is in such a prestigious location at the heart of St. Petersburg in a building that has such a rich heritage. We look forward to working with IFG to ensure a successful completion of the project and a spectacular launch of Jumeirah in Russia.”

Jumeirah Group currently operates 22 luxury hotels and serviced apartments, including 11 in the Gulf region, six in Europe and five in Asia. A further 15 hotels are now under development.

About Jumeirah
Jumeirah, a global leader in luxury hospitality and a member of Dubai Holding, operates an exceptional portfolio of 28 properties across the Middle East, Africa, Europe and Asia. In 1999, Jumeirah changed the face of luxury hospitality with the opening of the iconic Jumeirah Burj Al Arab and the brand is now renowned worldwide for its distinguished beachfront resorts, esteemed city hotels and luxury residences. From the contemporary Maldivian island paradise at Jumeirah Olhahali Island to the art-inspired Jumeirah Capri Palace in Italy and the modern twist on a British classic at Jumeirah Carlton Tower in London, the brand has become synonymous with warm and generous service and the ability to craft distinctive and purposeful experiences that bring joy to guests from across the world.www.jumeirah.com

Credit: https://www.hoteliermiddleeast.com/business/18651-jumeirah-signs-deal-for-st-petersburg-hotel