Russian company “Mosfundamentstroy-6” and French holding “Bouygues” are planning to build a hotel chain in Nizhny Novgorod for the coming FIFA World Cup 2018. In total six new hotel complexes with shopping facilities and other infrastructure will be built in the country.

One of the hotels will take the territory of former “Russia” Hotel not far from Kremlin. The accumulated amount of investments in constructing the five star hotel will amount to approximately 50 mln Euro. Land plots for the other hotels are being chosen. Construction of the hotels will be financed by “VTB” Bank and a number of state financial institutions.