Mandarin Oriental plans hotel, branded residences in Moscow

When it opens in 2021, the Mandarin Oriental, Moscow will have a riverfront location on the Sofiyskaya embankment.
Photo credit: Mandarin Oriental Hotel Group

Mandarin Oriental Hotel Group has signed a management contract with Capital Group, one of Moscow’s largest development companies, for a new hotel and branded residences in Moscow.
 
When it opens in 2021, the Mandarin Oriental, Moscow will have a riverfront location on the Sofiyskaya embankment, directly facing the Kremlin. The hotel will be near many of the city’s tourist attractions, historic sites and business districts.
 
The boutique property will have 65 guestrooms and suites, two restaurants, a lounge bar, and spa and wellness facilities, including an indoor swimming pool.
 
The project, owned by Capital Group, will include 137 Residences at Mandarin Oriental, which will be the first branded luxury residential development in Moscow.
 
Pierre-Yves Rochon Studio has been appointed the interior designer, alongside Sergey Skuratov Architects.

Moscow Rising

Moscow has seen an influx of new hotel supply with international brands entering the city, where some 5,500 new guestrooms have opened since 2014, according to JLL. 

Earlier this year, Bvlgari Hotels & Resorts announced plans to open a new property in Moscow in 2020. When it opens, the Bvlgari Hotel Moscow will be located just 984 feet from the Kremlin and Red Square in Moscow's historic district and steps away from the upcoming Mandarin Oriental.

FREE DAILY NEWSLETTER

Like this story? Subscribe to IHIF!

The hospitality industry turns to IHIF International Hotel Investment News as the must-read source for investment and development coverage worldwide. Sign up today to get inside the deal with the latest transactions, openings, financing, and more delivered to your inbox and read on the go.

As of last year, more than half of Russia’s existing room supply was concentrated in Moscow and St. Petersburg, Ernst & Young reported. It also predicted that by 2022 the number of hotels under international management would increase by 102 new properties (20,249 rooms).

Suggested Articles

More than $23bn-worth of hotel construction contracts were due to be awarded in the Middle East and North Africa between now and 2023.

Pat Pacious discusses the seismic shifts the sector has seen and will continue to experience.

Results season has started to make itself felt and the impact of the coronavirus was at the forefront of analysts’ questions on the earnings calls.