Sistema's Cosmos Hotel Group announced a large-scale rebranding, uniting Radisson and Olympia Garden hotels under one brand.
According to an official announcement, the rebranding process for ten hotels that previously operated under different brands such as Radisson Blu, Park Inn by Radisson and Olympia Garden will begin in October. This decision is the result of a long-term franchise agreement between Cosmos Hotel Group and Radisson Hotel Group, under which nine hotels will be renamed and begin operating under the Cosmos brand in collaboration with Radisson Individuals.
Cosmos Hotel Group acquired ten hotels in February from the Norwegian company Wenaas Hotel Russia AS for the sum of €200 million.
It should be reminded that earlier the court refused to accept the claim of the Defense Ministry of the Russian Federation against the St. Petersburg plant Rubin for recovery of almost 1 billion rubles.