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Sep 02, 2009 20:01 EEST
CHISINAU (Moldova), September 2 (SeeNews) – The first Ramada-branded hotel property in Moldova is due to open in the country's capital Chisinau in the third quarter of 2010, international hotel chain Ramada Worldwide said on Wednesday.
The Ramada Chisinau City Center property will be the country’s first internationally branded hotel, the operator said in a statement posted on its website.
Formerly the Hotel Codru, the seven-story, four-star 140-room hotel will undergo a multi-million dollar renovation before re-opening as a Ramada hotel. It is owned by US-based Investment Development Group, a privately held investment firm specialising in commercial and residential real estate in Eastern Europe, the statement said.
Ramada Worldwide is a global chain of midscale and upscale hotels featuring single, double and suite accommodations. It is operated by Wyndham Hotel Group.
“Eastern Europe represents a great opportunity for Wyndham Hotel Group as there is a growing need for quality, value-rich hotels that provide a consistent and familiar guest experience,” Martin Armitstead, Wyndham Hotel Group Senior Vice President of Development for the Europe, Middle East and Africa region, said in the statement.
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