Italian jeweler Bulgari has teamed up with Russian real estate investor Alexei Bogachev to build its first hotel in the country, it said on Wednesday, a day after opening its second Russian store.
Bogachev, who also invests in agriculture and owns around 4 percent of shares in Russia’s top retailer Magnit, said he would invest around $200 million in the Moscow hotel which will be operated by Marriott International Inc..
The future Bulgari Hotel in Moscow is located within a heritage building on the central Bolshaya Nikitskaya street. The hotel which is scheduled to open in 2019 will feature 65 rooms, 14 residential apartments, and a 1,600-square meter spa area.
Bulgari Hotel Moscow (opening 2019)
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