21:39
Giorgio Armani plans to build a hotel in Russia: Voice of Russia: "Italian fashion designer Giorgio Armani plans to open a hotel under his name in Russia’s Caucasus region. His Armani Hotels and Resorts company, together with other investors, will launch a luxury hotel in the Stavropol region. The exact place has not been decided on yet, however reports say Armani will choose between Kislovodsk, Yessentuki or Pyatigorsk. Investment in the project is expected to surpass $150 million and will be repaid no earlier than eight years after, even taking into consideration that visitors will be charged $2,000 per day on average.
The Caucasus mountain range is famous for its mineral springs and breathtaking landscapes. The region has been known for its resorts since the 19th century. This is the only...
Posted in: 
