OREANDA-NEWS. October 17, 2011. Esta Holding, Ukraine’s largest investor in the real estate sector, has signed a full management agreement with the Rezidor Hotel Group bringing an international mid-scale brand Park Inn Hotel by Radisson to Ukraine. The property is being developed on the basis of the existing ‘Kiev’ hotel perfectly located in Pushkin Boulevard in the center of Donetsk.

“Park Inn Donetsk will be the first internationally managed mid-class hotel in Ukraine bringing the expertise and high standards of affordable accommodation to the Ukraine’s hospitality market,” said Dejan Djordjevic, Managing Director of the Hospitality Business, Esta Holding. “The Park Inn Donetsk will perfectly complement our existing upper scale hotels in Donetsk and Kiev – Donbass Palace and Opera Hotel and will be an important input to the cities preparation for Euro-2012 Championship”. 

Park Inn Donetsk featuring 172 rooms is scheduled to open in Q2 2012. Besides modern and comfortable guest rooms, the hotel will offer an all-day-dining restaurant, a lobby bar, a gym and four meeting rooms. 

“The Ukraine is a key market in Eastern Europe for us. We are already successfully operating our upper upscale brand Radisson Blu in the country, and are delighted to follow with our young and dynamic mid market brand Park Inn for which we see a considerable growth potential”, said Kurt Ritter, President & CEO of Rezidor.