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The Ritz-Carlton Hotel Company Unveils Plans To Expand In CIS With The Announcement Of A Hotel In Astana, Capital City Of Kazakhstan

Stocks in this article: MAR

LONDON, June 19, 2014 /PRNewswire/ -- The Ritz-Carlton Hotel Company, L.L.C. and Verny Capital, a leading Kazakhstan private investment group, have signed an agreement for the development of The Ritz-Carlton, Astana. The luxury hotel is due to open in 2017 as the portfolio's second hotel in Kazakhstan, with The Ritz-Carlton, Almaty previously opening its doors in 2013.

Ritz-Carlton Hotel Company, L.L.C. logo.

Herve Humler, President and Chief Operations Officer, The Ritz-Carlton, said, "We are delighted to work once again with our partners Verny Capital and to bring The Ritz-Carlton renowned levels of hospitality to the capital city of Kazakhstan. We look forward to creating a prestigious luxury hotel for international travellers to this dynamic city."

The Ritz-Carlton, Astana will be the first international luxury property among hotels in the Kazakh capital, bringing its unique benchmark service culture, with luxurious accommodations and experiences to the city.  Located in the mixed use Talan Towers project, the hotel will occupy 20 floors of the 27 storey development designed by SOM architects from New York.  With 157 lavish guest rooms and suites, the hotel will also offer Ritz-Carlton Club Level accommodation with exclusive access to a Club Lounge. Restaurants and bars at the property will include a Sky Bar with panoramic city views as well as a restaurant, Cigar Bar and private fine dining areas. Business and meeting facilities at the hotel comprise of a 990 square metre Ballroom, designed for social events as well as conferences, smaller breakout rooms and board rooms.  A Spa and Fitness Centre are planned including an indoor swimming pool.

Erlan Ospanov, General Director of Verny Capital commented, "The signing of this agreement is an important step for us. We have a longtime partnership with The Ritz-Carlton and this will be our third property adding to The Ritz-Carlton, Vienna and The Ritz Carlton, Moscow - the stars of our real estate portfolio. Our Group has approximately US$4 billion of capital under management. Talan Towers is also set to become a new treasure in our real estate collection."

The Talan Towers project, strategically located in the heart of the Left Bank also encompasses retail space, offices and luxury apartments.

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