Development hurdles in Moscow fail to deter investors

07/5/2013 | HotelNewsNow.com

Moscow's lodging market continues to attract global investors despite the difficulties in acquiring land and the tortuous regulatory requirements. Major hotel firms such as Rezidor Hotel Group, Hilton Worldwide and Kempinski Hotels & Resorts have several Moscow properties in their pipeline. However, some observers say Moscow needs more lower-tier properties as the predominance of luxury products in the market is discouraging leisure travelers from visiting the city.

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