Carlson Rezidor Hotel Group and Investmiros Valdymas, a company of the investment group Lords LB Asset Management, signed a management deal for the hotel on Wednesday. The 40 mln euro hotel featuring 200 rooms should be opened in a new commercial complex on Konstitucijos Avenue in central Vilnius.
"Under the signed deal, the hotel will be operated by Carlson Rezidor Hotel Group. It will be a hotel of the higher class segment," Marius Zemaitis, fund manager for Lords LB Asset Management, told a news conference.
The new hotel will not be the only Radisson trademark hotel on Konstitucijos Avenue. A four-star and 20-story Radisson Blu Hotel Lietuva operated by Radisson currently operates next to the territory as part of Norway's Linstow.
