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 Michael Brown shooting: Police shoot and kill second young black man near Ferguson
- 3 Why are UK rail fares so expensive?
- 5 Cilla Black defends Cliff Richard: 'I am positive that the allegations are without foundation'
Scottish independence: English people overwhelmingly want Scotland to stay in the UK
Isis threat: Cameron wants an alliance with Iran
Crisis? What crisis? A visiting US doctor gives the NHS a rave review
Ukip MEP calls for reintroduction of death penalty on fiftieth anniversary of last deaths
Russell Brand calls for Israel boycott: Comedian urges big businesses that 'facilitate the oppression of people in Gaza' to pull funding
Michael Brown shooting: Chaos erupts on the streets of Ferguson after autopsy shows teenager was shot six times – twice in the head
£6000 - £50000 per annum + Bonus+Benefits+Package: Harrington Starr: Oracle 11...
£17K OTE £30K: Charter Selection: Highly successful and innovative specialist...
£45000 - £55000 per annum + Benefits: Ashdown Group: Working with an exciting ...
£23,000: Sauce Recruitment: A global leader in sports and entertainment is now...