Giorgio Armani plans a $150 million designer hotel in Russia


When the Armani Dubai hotel opened, it not only opened doors to a whole new level of luxury and class but also offered the many celebrities who invested in the Burj Khalifa and else where in the Emirate a chance to dine in style. The Giorgio Armani S.P.A is now looking further North East in Russia with a $150 million 100-room designer hotel planned for Kommersant in southern Russia. The property will be developed by POP and will have more investors aside from Giorgio Armani S.P.A. It will cover a total area of 30,000 sq m and will cost $2,000 a night.

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Armani taste is widening and with more people diving deeper into their pockets for a perfect getaway, it will not be long before many more begin to mushroom.
[Rian]