Radisson to open next to Vilnius airport

This 120-room hotel will be the group’s sixth hotel in Lithuania, and the fourth in the city. Currently the group operates two Radisson Blu hotels in the city and also plans to open a Radisson RED. Radisson Hotel Group’s portfolio in the entire Baltics States will rise to 18 hotels with more than 4,100 rooms.

Elie Younes, the chief development officer for the Rezidor Hotel Group, said: “These are exciting times for Park Inn by Radisson, our upper mid-scale brand which is gaining fantastic momentum across Europe. It is a perfect contrasting fit for the baroque city of Vilnius. The area around Vilnius Airport is a fast-developing commercial zone, and Vilnius itself has been ranked one of Europe’s most promising cities for growing businesses that focus on innovation, technology and entrepreneurship. Demand has been increasing in the city year on year, and the Park Inn by Radisson Vilnius Airport Hotel & Business Center will showcase our commitment to making every moment matter for visitors of Lithuania.”

The Park Inn by Radisson Vilnius Airport Hotel, located within the VNO Business and Retail Park (which is under development by VPH), is just 300m from Vilnius International Airport and 6km from the city centre. The hotel will include a restaurant, a lobby lounge and a gym as well as 500 sqm of flexible meeting space.

"We are pleased to further strengthen our business relationship with the Radisson Hotel Group by signing the Park Inn by Radisson Vilnius Airport Hotel & Business Center. The Park Inn by Radisson brand is ideal for our new Vilnius Airport Hotel & Business Center since it is internationally recognised and associated with quality, and offers great value for money to guests. The Radisson Hotel Group's knowledge, experience and management of our new Park Inn by Radisson Vilnius Airport Hotel & Business Center will increase our competitive advantage in Lithuania's growing hospitality market," says Marius Jakulis Jason, hotel owner and director.

The hotel will be built next to the first Ikea store in the Baltics and in Belarus and next to the Nordika shopping centre.

The hotel is a joint project of VPH – developer, Investment company Orion Securities and Marius Jakulis Jason, who owns such hotels in Vilnius as Radisson Blu Royal Astorija Hotel and Kempinski Hotel Cathedral Square. VPH will invest EUR 80 mln in the project.

VPH’s headquarters is in Vilnius, the company also operates in Riga and Toronto.