Giorgio Armani to build luxury hotel in KMV

30.01.2011 09:22
Company Armani SpA, owned by Italian designer Giorgio Armani is planning to build a luxury hotel for a hundred rooms in the resort area of the Stavropol Territory. About this newspaper Kommersant.

The project to build the hotel under the brand Armani Hotel to be presented in March at an international real estate exhibition in Cannes. It was developed by architectural firm, Armani-POP. Construction will carry a specially created company Armani Hotels Caucasus.

Area designer hotel exceeds 30 thousand square meters. Currently considered several sites in one of the cities of Caucasian Mineral Waters - Kislovodsk, Yessentuki, Pyatigorsk, Zheleznovodsk.

According to experts, the volume of investment is about $ 150 million. It is assumed that partially finance the Giorgio Armani SpA However, according to some market participants, Armani involved in a project only the name and design, for which he will receive royalties (periodic payments for the right to use the subject of a license agreement). The cost of living in the Armani Hotel analysts estimate at $ 2000 per night for single room.

Hotel in KMV will be the second hotel project Armani. The first Armani Hotel Hotel with 160 rooms opened in March 2010 on nine floors of the world's tallest building - the skyscraper "Burj Dubai in Dubai. The cost of staying at this hotel now stands at U.S. $ 785-1000 per person per day.
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