Entrepreneurs Zarakh Iliyev and God Nisanov want to build a five-star hotel on Ukrainsky Bulvar, a representative of their Kievskaya Ploshchad company said.
The company's shareholders want to create a chain of five-star hotels in Moscow, and in April they will open the reconstructed Ukraina Hotel under the brand Radisson Royal Moscow. At the end of the year, they will close the Radisson Slavyanskaya for two years for reconstruction, with the aim of making it a five-star hotel, up from its current rating of four stars.
They might also add the famous hotel chain Four Seasons. Kievskaya Ploshchad plans to build a Four Seasons on the intersection of Ukrainsky Bulvar and Bolshoi Dorogomilovskaya Ulitsa, managers of two construction companies told Vedomosti. A representative of Kievskaya Ploshchad confirmed the information but would give no further details.
Four Seasons, as a public company, is required to inform its management of all concluded contracts, said a developer working with the franchise, but so far there has been no such communication. Felicia Yukich, the company's spokeswoman, was not available for comment.
Such a location for a hotel of Four Seasons' caliber— higher than five stars — is illogical, said Marina Usenko, vice president of Jones Lang LaSalle Hotels. Four Seasons only agrees to manage hotels located in well-known, historic regions, and Ukrainsky Bulvar is not such a location.
Four Seasons currently has two signed contracts to manage hotels in Moscow — Hotel Moskva and a hotel on Sofiiskaya Naberezhnaya. The project on Sofiiskaya Naberezhnaya is being postponed, Isadore Sharp, founder of Four Seasons, told Vedomosti.
"The contract to manage Hotel Moskva was signed about six years ago, but the project is not yet completed. Four Seasons may consider the project abandoned," said a source close to the owners of Hotel Moskva.
Recently, the operator's interest in the construction process of Hotel Moskva has noticeably subsided. Earlier, Four Seasons strictly controlled the construction process. But at the end of last year, Deputy Mayor Vladimir Silkin told Vedomosti in an interview: "We are looking at the contracts, measuring the economy — and after that we can say definitively about our participation in Four Seasons' project [Hotel Moskva].
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