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The Ritz-Carlton hotel company unveils plans to expand in CIS with the announcement of a hotel in Astana

18.06.2014

On 18th June, The Ritz-Carlton Hotel Company, L.L.C., and Verny Capital, a leading Kazakhstan private-investment group, 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 in Almaty previously opening its doors in 2013.

Herve Humler, President and Chief Operations Officer, The Ritz-Carlton, said, "We are delighted to work once again with our partner 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."

Erlan Ospanov, CEO of Verny Capital, commented, "The signing of this agreement is an important step for us. We have a long-established partnership with The Ritz-Carlton and this will be our third property, to be added 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."

All material can be found here: http://corporate.ritzcarlton.com/en/Press/Releases/announcement_hotel_astana_kazakhstan.htm