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. Last Updated: 07/27/2016

Ramada Moves Into St. Pete

ST. PETERSBURG -- Lenexpo has found an investor to bring the country's first Ramada hotel to St. Petersburg.

British company Hospitality Developments Ltd. has agreed to provide some $28 million to reconstruct the Gavan hotel on Vasilyevsky Island and rename it the Ramada Pushkin hotel.

"We are about to start renovation of the hotel. Following the interior reconstruction, which will take us from one to two years, the Gavan will become a three- to four-star hotel," said John Warwick, managing director of Hospitality Developments.

Warwick said the new 400-room hotel will be run by the Ramada International management company.

Anna Popova, spokeswoman for the Renaissance Moscow Hotel, also part of the Marriott group, said Ramada is one of 18 Marriott brands. The Ramada chain targets budget travelers.

Scott Antel, partner in charge of Ernst & Young's hospitality-consulting group for Russia and the Commonwealth of Independent States, said there is growing demand for three- and four-star hotels in the city.

Marriott has not confirmed the deal, and Mikhail Voronin, deputy general director of Lenexpo, refused to comment.

The Lenexpo exhibition complex was allocated control of the hotel in 2000 by the city property committee.

Warwick said the estimated cost of the project is $28 million, with the Russian-Turkish joint venture Renaissance Construction acting as the main building contractor.