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14 August 2017

Granel Group to Build a 5-Star Hotel at DME

August 14, 2017, Domodedovo, Moscow Region. Moscow's Moscow Domodedovo Airport and Granel Group have signed an agreement on the construction of a five-star hotel. The hotel will be built in the immediate vicinity of the airport.

According to the project, the hotel will have 400 suites, junior suites, and standard rooms with a total area of 30,000 sq.m. The hotel will also feature two restaurants, a spa with a swimming pool, and a separate accommodation and lounge for crew members.

«More than 16,000 ha of land adjoining the airport has been set aside for long-term development. This is a strategic advantage of Domodedovo, and we are focused on maximizing the potential of these properties, including through joint projects with partners,» — noted Mr. Alexander Volkov, Managing Director at Domodedovo Development.

«It will be a five-star hotel located right at the airport. According to our calculations, the investments will exceed 3.2 billion rubles, and given that DME is one of Russia's largest airports, the demand for accommodation is expected to be consistently strong,» — said Mr. Andrey Nazarov, Board Chair at Granel Group. He added that the construction project will span over 3 years.

Currently, Granel Group is negotiating with the global hotel operator Starwood, recently merged with Marriott, a Sheraton franchise.

Hospitality industry is one of the most promising and priority business areas for Granel Group. Its project portfolio in the industry includes a five-star hotel completed in 2015 and operated under the Sheraton brand.

Contact person for media inquiries:
Ksenia Disnenko
Tel.: +7 (967) 225 96 18
k.disnenko@granelle.com

Alexander Vlasov
Tel.: +7 (495) 795 34 27
pr@dme.ru
http://www.dme.ru

Moscow Domodedovo Airport is one of the largest Russian air hubs ranked in Russia's Air Gateway and Wings of Russia ratings as the best airport in Russia. In 2016, the airport served 28.5 million passengers. The route network includes 72 destinations. Members of the world's leading airline alliances - Star Alliance and oneworld - have chosen Moscow Domodedovo Airport for their flights to and from Moscow. Moscow Domodedovo Airport is Russia's only airport regularly handling flights operated by Airbus A380, Airbus A350-900 and Boeing 787 Dreamliner.

Domodedovo Development is DME's agency responsible for development projects at Moscow's Moscow Domodedovo Airportand adjacent areas and creating a comfortable environment for airport partners and customers.

Granel Group was founded in 1992 and specializes in the development of residential and commercial real estate in several regions of Russia. The company's portfolio features 4.5 million sq.m of low-rise and high-rise residential developments, including all necessary amenities and infrastructure. The company's professionals supervise all phases of the development process - from concept development, to design and construction, to commissioning and property management. Its long-time experience and team of professionals enable Granel Group to offer high-quality products at affordable prices. All its projects use high-quality building materials, meet the stringent modern housing construction standards, and showcase unique architecture.

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