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News
Hotel Prices Rising, But Still Not Exorbitant
By Irina Filatova
The number of quality hotel rooms in Moscow is expected to grow 6 percent this year to 32,500, as several international hotel chains plan to put eight big projects into commission.
Vekselberg's Renova Mulls Domodedovo Bid
By Roland Oliphant
Viktor Vekselburg's Renova group may buy Domodedovo Airport, the oligarch has said. Vekselberg confirmed to reporters that the group, in which he holds a controlling share, is "considering" a bid for Domodedovo.
Courtesy of Jones Lang LaSalle
VTB Capital Makes Profit on Lesnaya Plaza
After what it is calling a profitable sale of a Class A office building picked up during the financial crisis, VTB Capital is anticipating that it can replicate the success as economic conditions put more high-quality office centers on the market at lower prices.
Analysis
The Next Evolution in RetailBy Alec Luhn
Steady sales growth and rising competition for consumers has piqued retailers' interest in new mall formats. A wave of outlet centers is on the way, and power centers will follow.
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Insider's View
Hotels Are Heading To Economic Hubs
Multinational hotel chains are planting their brands throughout Russia, and Hyatt is no exception. Gebhard Rainer, managing director for Hyatt International, knows Russia well enough that he can discuss Moscow's Ring Roads and southern Russia's trade. We asked him what Hyatt is up to in various cities.
Architecture
News in Brief
REQ
New Holland Island, a spit of land in St. Petersburg, is experiencing a renaissance as a cultural hub, which is a major change after centuries of military use, decades of neglect and a failed revamp in the 2000s.
The Moscow Times Recommends
Classifieds
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Shopping malls take on new formats, and the regions attract retail space
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