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 | | MOSCOW HOTELS NEWS |
| 21 March 2008 |
"Aerostar" hotel has a new owner
"Aerostar" hotel in Leningradsky Prospect and the air terminal located in the area have a new owner. It is Mos City Group (MCG) company headed by Pavel Fux. MCG is going to open the hotel this summer, but not for a long time: by 2012 at the 14 hectare premises occupied by Aerostar and air terminal "several hundred thousands" square meters of hotels, offices, etc.are to be built.
The "Aerostar" hotel costs about $90-95 mln, while the market price of the whole area, occupied both by it and the air terminal -- about 14 hectares (with the adjacent territories) -- may reach $200 mln.
By 2012 this area will be occupied by the multifunctional complex of office and trade premises, hotel, congress hall and suites."It's going to be a small town. At the moment we're working on its concept and very soon we are going to open a tender for about 14 international architects", -- the businessman explained. Until the construction of the hotel and air terminal buildings is completed, both "Aerostar" and air terminal will keep functioning.
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