Armani denies plans for luxury hotel in Russia
Monday 07 February 2011
Italian fashion designer Giorgio Armani categorically denies press reports that the luxury hotel brand is planning to develop a hotel in Russia's Caucasus region, a company statement said Monday.
"The Armani Group categorically states that reports of its intention to open an Armani Hotel in the Russian Caucasus are without foundation," the Italian group said.
At the end of January, Russia's Kommersant daily cited sources who claimed the Armani Hotels and Resorts brand was to open a hotel in the Stavropol region's mineral springs resort area, together with other investors.
Investment in the project was estimated at over 150 million dollars (109 million euros), the report said.
The Armani group opened its first 160-room luxury hotel in April in 2010 in Dubai in the highest tower in the world, Burj Khalifa, and plans to open similar developments in other countries.
The Independent travel offers: Discover a world of inspiring destinations
- 1 Lego breaks out of the toy box and heads for the gallery
- 2 A bottle of wine a day is not bad for you and abstaining is worse than drinking, scientist claims
- 5 Grandmas keep accidentally tagging themselves as Grandmaster Flash on Facebook
Daniele Watts: Django Unchained actress detained by Los Angeles police after being mistaken for a prostitute
George Galloway on Scottish independence: The political class is doing what Hitler couldn’t – destroying Britain
Scottish independence: Nationalist leader Jim Sillars threatens pro-union companies with 'day of reckoning' after independence
Scottish independence: Yes campaign feels the heat as Alex Salmond's NHS claims come under furious attack
Scottish independence: Britain faces 'constitutional crisis' at next election
£23m Birmingham cycle scheme is attacked by Tory councillor for not catering to the elderly
Basic of £18,000 + commission, realistic OTE of £30-£50k : Ocean Holidays: Le...
£20 - 26k + Benefits: Guru Careers: A Marketing Executive / Member Services Ex...
£15,000 - £25,000: Recruitment Genius: A fantastic opportunity has arisen for ...
£30000 - £45000 per annum + Bonus+Benefits+Package: Harrington Starr: VB.NET a...