Multinational hotel chains are planting their brands throughout Russia, and Hyatt is no exception. Gebhard Rainer, managing director for Hyatt International, knows Russia well enough that he can discuss Moscow's Ring Roads and southern Russia's trade. We asked him what Hyatt is up to in various cities.
When it comes to shopping center construction, it is common for developers to raise additional funds during the construction phase by receiving security deposits, advance payments, or both. At the same time, future tenants also have an interest in securing premises before construction is done. How can the risk inherent in buying into a "future" mall be reduced?
President Dmitry Medvedev has appointed Georgy Poltavchenko as governor of St. Petersburg, and the replacement of Valentina Matviyenko, who had governed the city since 2003, has already brought significant changes to the real estate scene.