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Hilton Hotels Come to Kazan, Finally

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September 7, 2012


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Hilton Hotels Come to Kazan, Finally

Two Hilton Hotels will be built in Kazan in the nearest future, Business-Online reported in the article published on September, 03 2012.

According to the news portal’s source, the original developers’ plans to launch a Hilton branded housing and hotel resort with 202 bedrooms and 104 apartments by Universiade 2013 sports fest were postponed to 2014.The author then quoted Hilton Worldwide spokesperson as claiming that that the Kazan would soon get two hotels from the worldwide
chain: a five-star Hilton Kazan and a budget Hilton Garden Inn. Both buildings will be placed in the downtown close to the airport route and main city streets.

Hilton Kazan will be operated by Eastfield Kazan Ltd., Eastfield Group’s subsidiary headquartered in Bratislava, Slovakia. The 202-bedroom hotel will also include an all-day dining restaurant, 11 meeting rooms, business center, health club with a swimming pool, and a large ball room with the total area of 400 sq. m.

Hilton Garden Inn will have 171 rooms, a restaurant, lobby bar, 4 conference halls and fitness center. The hotel’s operator is Vostochnaya Zvezda, affiliated to London&Regional Properties Ltd.

To be noted, Hilton Hotels have been awaited in Kazan since 2008, when David Geovanis, the managing director of London&Regional Properties’ Russian operations, announced plans to invest USD 30 million in a 10 thousand sq.m. area hotel on Peterburgskaya Street in the downtown Kazan. The project  later was cancelled. This, in fact, revealed the gradual if not slow approach towards Hilton hotels expansion in Russia. At the time there are only three Hilton branded hotels operating in the country: Hilton Moscow, Leningradskaya, the first Hilton hotel in Russia opened in 2008, HiltonGarden Inn Perm and Double Tree by Hilton, Novosibisk. The American leisure giant is known to use franchise system to develop its chain around the world including Russia.

Experts interviewed by Business Online admitted the lack of qualified two- and three-star hotels in Kazan, however, highlighting that the four-star hotels segment considered the most quickly repaid is saturated and is not so profitable as it might be expected by investors due to “lame coordination”. “The hotels are either overbooked or stay empty”, stated Evgeniya Lodvigova, the chief manager of Shalyapin Palace Hotel and Grand Hotel Kazan.

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Landysh Welieva

An expert in banking and finance, Landysh is the Kazan Times’ columnist on business affairs, covering Tatarstan, Russia and international markets.

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