Radisson Hotel Group to Open 11 Radisson Individuals Hotels Across Russia
Main Photo: Cosmos Sochi Hotel
Date: December 2021
Name: Radisson Hotel Group
Locations: 11 across Russia
Number of Keys: 7,000+
Owner: Cosmos Hotel Group
Radisson Hotel Group and Cosmos Hotel Group, part of the AFK Sistema company, have signed an agreement under which part of Cosmos Hotel Group’s hotels will benefit from the international hotel chain Radisson Hotel Group, while maintaining their own brand and identity.
Radisson Hotel Group is one of the world’s largest hotel groups with nine distinctive hotel brands, and more than 1,600 hotels in operation and under development in 120 countries.
Under the agreement, 7 existing hotels currently in the Cosmos Hotel Group’s portfolio will join the Radisson Individuals brand. Another 4 hotels are committed to open by 2025 under this dual branding. In the future, the number of Cosmos Hotels that will be a member of Radisson Individuals could increase. Radisson Individuals offers independent hotels and regional chains the opportunity to be part of the global Radisson Hotel Group platform, and benefit from the Group’s global reach, while retaining the freedom to maintain their own uniqueness and identity.
Cosmos Hotel Group is one of the largest hotel management companies on the Russian market. Cosmos Hotel Group’s portfolio includes more than 20 hotels in 15 Russian and global cities, including properties under famous international brands (Holiday Inn Express, Hilton Garden Inn) owned by Sistema, and five third-party owners. The room stock under management is 7,000 rooms
Alexandr Shvein, Cosmos Hotel Group President, says: “Together with Radisson Hotel Group, we are launching a product that is unique for the Russian market: on the one hand, it is the development of a domestic brand and, on the other hand, support from a major international player. These hotels, which are part of the agreement, will operate under the Cosmos Hotels brand and affiliate to Radisson Individuals.”
Elie Younes, Global Chief Development Officer Radisson Hotel Group: “We are pleased to extend our partnership with Cosmos Hotel Group and add the first Radisson Individuals branded hotels across a range of Russian regions to our portfolio. This milestone strengthens Radisson Hotel Group’s position as the leading international operator in Russia with our portfolio to 47 hotels and 12,220 rooms in operation and development. We look forward to a successful long-based relationship with Cosmos Hotel Group.”
Price: Undisclosed
THPT Comment: This announcement comes on the heels of the opening last month of the new 169-room Radisson Hotel Gorizont Rostov-on-Don. Radisson Hotel Group’s position in Russia continues to strengthen…according to EY’s 2021 report there are 210 hotels in Russia, operated by 20 global hotel chains.
First Seen: Radisson Hotels
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