Jumeirah Group, the global hotel company and a member of Dubai Holding, has signed a management agreement with IFG Basis Proect LLC to manage a luxury hotel on Nevsky Prospect in St. Petersburg, Russia. The hotel is currently under development.
The hotel will be developed within the structure of Wavelberg House, a building of national cultural importance built in 1912, which stands on the corner of Nevsky Prospect and Malaya Morskaya Street, one of the most exclusive addresses in St Petersburg, close to the Hermitage and just 30 minutes from the city’s Pulkovo airport.