09.06.2008

Intourist Hotel Group, 100% VAO “Intourist” controlled company, announces the reception to management of hotel complex Shingari in Krasnodar region. Up to date complex Shingari, working for the second year, is situated in 10 kilometers from Anapa city in Varvarovskaja hole district in forbidden nature conservancy zone of Caucasus piedmont. Hotel room capacity is designed for 150 persons.

Leasing contract is settled for 10 years. Hotel operator Intourist Hotel Group is in charge of this complex. Active cooperation with tour operator NTK Intourist will give an opportunity to provide maximum load of the hotel. Division of tour operators in its turn will get guaranteed access to the hotel room capacity on one of the most popular resorts of Krasnodar region.

OAO Intourist Hotel Group general director Alexander Bochurov said: “Hotel complex “Shingari” is a very attractive asset for us. Chernomorskoe coastal area is one of the most perspective places for development of inbound and outbound tourist directions. I am sure that this hotel complex will organically top up Intourist Hotel Group collection. At the present time we are taking a stock of the complex’s condition, after we will work on bringing it to standards of Intourist Hotel Group.

For additional information please contact:
Julia Krylova
Press-secretary VAO Intourist
Tel/fax: (495) 730-1906
media@intourist.ru

Intourist Group of companies - vertically integrated tourist holding, representing the managing company VAO Intourist and 4 business divisions - tour operating (NTK Intourist), hotel business (Intourist Hotel Group), retail sales (Intourist Travel Shop) and transportation services (Intourist Transportation Services). Group of companies trade turnover in 2007 reached $517 million, earnings - $374 million. Geography of presence – 80 regions of Russian Federation. Company cooperates with 7000 partners in 168 countries of the world. Majority interest strategic stake of Intourist is controlled by JSFC Sistema. Hotel complex Shingari is situated in 10 kilometers from Anapa city in a village Sukko (Varvarovskaja hole). Complex Shingari includes main building with 50 rooms, SPA-complex, conference hall, restaurant, bars, Russian and Finnish sauna, swimming pools, tennis courts, gym, open recreation grounds, mini-club for children. Own shingle beach with shaded shelters, deck-chairs, blocked floating platform.