Moscow: Ambitious hotel plans puzzle

The site of the former Hotel Intourist being cleared, in preparation for the building of the planned $120 million Hilton Red Square. In a move that has ...

While the number of visitors to Moscow has grown dramatically over the last decade, the number of hotels has not grown correspondingly to meet this demand. Experts blame the stagnation on bureaucratic hurdles, the difficulties of finding a land site, and the attractiveness of other real estate sectors.

While the number of visitors to Moscow has grown dramatically over the last decade, the number of hotels has not grown correspondingly to meet this demand. Experts blame the stagnation on bureaucratic hurdles, the difficulties of finding a land site, and the attractiveness of other real estate sectors.

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