Bulgari to open new hotel in Moscow

Italian jeweler Bulgari has teamed up with Russian real estate investor Alexei Bogachev to build its first hotel in the country, it said on Wednesday, a day after opening its second Russian store.

Bogachev, who also invests in agriculture and owns around 4 percent of shares in Russia’s top retailer Magnit, said he would invest around $200 million in the Moscow hotel which will be operated by Marriott International Inc..

The future Bulgari Hotel in Moscow is located within a heritage building on the central Bolshaya Nikitskaya street. The hotel which is scheduled to open in 2019 will feature 65 rooms, 14 residential apartments, and a 1,600-square meter spa area.

Bulgari Hotel Moscow (opening 2019)