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HOLIDAY INN WORLDWIDE TO OPEN HOTELS IN RUSSIA

 ATLANTA, Jan. 12 /PRNewswire/ -- Holiday Inn Worldwide today announced its interest in opening hotels in Russia.
 Bryan D. Langton, chairman and chief executive officer of Holiday Inn Worldwide, and Earl Patton, chairman and chief executive officer of Parkwood Group, met with St. Petersburg Mayor Anatoly A. Sobchak today to review potential sites, including a potential Holiday Inn Crowne Plaza and the Hotel Oktyabrskya as a Holiday Inn hotel.
 "This would make us the first major international hotel operator in St. Petersburg," Langton said. "As the world's largest hotel brand, we are delighted to take this historic step to expand our chain. We are continuing to aggressively pursue the global development of Holiday Inn hotels, and expanding Holiday Inn Crowne Plaza hotels into major markets around the world."
 Holiday Inn Worldwide has worked with the Parkwood Group in Atlanta in reviewing potential sites.
 "For the past two years, Parkwood Group, Inc. has worked closely with governmental leaders in St. Petersburg to locate, redevelop or construct Holiday Inn products in that great city," Patton said. "Mayor Sobchak; the Deputy Mayor for External Affairs and Foreign Economic Relations, Mr. Vladimir V. Putin; and the Director of KUGI (the city property committee), Mr. Mikhail V. Manevich; and Richard Torrence, Mayor Sobchak's advisor on international projects, all have been very cooperative and helpful in our efforts.
 "As a result of our two-year effort, it is truly gratifying to be so close to opening Holiday Inn hotels in Russia. I am confident that these two, a Crowne Plaza and a Holiday Inn hotel, will enable Holiday Inn Worldwide and Parkwood Group, Inc. to measurably assist in the presentation of St. Petersburg to the world's traveling public, thus contributing to economic growth and employment opportunities in St. Petersburg," Patton continued. "St. Petersburg is one of the rare, true, great cities in the world."
 Sobchak said: "After more than a year of careful work and planning with Holiday Inn Worldwide and Parkwood Group, Inc., we have chosen a historic hotel on our major street, Nevsky Prospekt, conveniently located across the plaza from our train station to Moscow. I believe that this is the ideal first hotel for Holiday Inn in Russia. We are looking forward to a second hotel, a Holiday Inn Crowne Plaza, in the near future. Our entire city welcomes this great international hotel company to St. Petersburg."
 "Our global hotel chain will bring the high quality service and international hospitality standards that are the hallmark of our brand," Langton said. "But, we will not abandon the local culture and customs. There will be plenty of caviar at the Holiday Inn St. Petersburg."
 Holiday Inn Worldwide, which is owned by Bass PLC of the U.K., operates more than 1,770 hotels and 338,000 guest rooms in over 50 countries. Holiday Inn is the world's largest single hotel brand.
 -0- 1/12/94
 /CONTACT: Kathy Egan of Golin/Harris Communications, 312-836-7361, for Holiday Inn Worldwide/


CO: Holiday Inn Worldwide ST: Georgia IN: LEI SU:

BN-BR -- AT007 -- 1368 01/12/94 11:01 EST
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Publication:PR Newswire
Date:Jan 12, 1994
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