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A hotel that has been started to rise near Vilnius old town in June has found an operator. Selvaag, the developer of the new economy-class hotel, signed a long-term contract on the management of the hotel with Nordic Choice Hotels.
The hotel will have 200 economy-class rooms. The total value of the project is estimated to be about 30 million litas (8.7 million euros), 25% of the amount being covered by EU structural funds.
The hotel expects to greet its first client by the end of 2012. NordicChoice Hotels currently runs 170 hotels in Scandinavia and the Baltic states under a franchising agreement with Choice Hotels International.
In the global hotel group rankings by MKG Hospitality, Choice Hotels International is ranked sixth among ten largest hotel groups worldwide, including Intercontinental Hotels Group, Hilton Worldwilde, Marriott International and Accor.
http://www.baltic-course.com/eng/good_for_business/?doc=42779
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