Is Siberia Russia's next development hotspot?

The next Russian development hotspot may well be in Siberia. Less than two years ago, Novosibirsk—Russia's third-largest city—got a Marriott hotel, and the property has proved successful enough that the city is now poised to get the region's first Marriott Executive Apartments. Alexander Boiko, who was behind the Novosibirsk Marriott Hotel, will also develop the 110 serviced apartments.  

Marriott will also open a new 120-room Courtyard hotel with capacity for 1,650 meeting and event attendees in the city. The developments, as the Siberian Times notes, are part of a new new high-end "multifunctional residential complex" named Zhukovka.

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Boiko, owner of owner of TS Group Holding, said he expected the development to be completed in 2020 and that it "will be passed to Marriott." 

Last year, Novosibirsk also got a Park Inn by Radisson, the first property under that brand in Siberia. The city also has a DoubleTree by Hilton hotel. 

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