PARSIPPANY, N.J. (Sept. 2, 2009) – Ramada Worldwide, one of the world’s leading international hotel chain’s with nearly 900 locations around the globe, today announced that the 140-room Ramada Chisinau City Center (top left photo) property in the Republic of Moldova will be the country’s first internationally branded hotel.Formerly the Hotel Codru, the seven-story, four-star hotel is owned by US-based Investment Development Group, a privately held investment firm specializing in commercial and residential real estate in Eastern Europe.
The property will undergo a multi-million dollar renovation before re-opening as a Ramada hotel in the third quarter of 2010.
“Eastern Europe represents a great opportunity for Wyndham Hotel Group as there is a growing need for quality, value-rich hotels that provide a consistent and familiar guest experience,” said Martin Armitstead, Wyndham Hotel Group senior vice president of development for the Europe, Middle East and Africa region.
“Branded properties like the Ramada Chisinau City Center hotel not only allow Wyndham Hotel Group to cater to those needs but further establish the company as the consumers’ global lodging provider of choice.”
CONTACT: Christine Da SilvaDirector. 973-753-6590, mailto:973-753-6590christine.dasilva@wyndhamworldwide.com
