First Ramada-branded Hotel in Moldova To Open in Q3 '10

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.