The Italian company Bulgari will open a branded hotel in Russia once negotiations are concluded with the minority shareholder Magnit Alexey Bogachev and several Russian investors and developers. The jewelry retailer already owns three hotels in Milan, London and Bali. All three hotels are located close to the luxury shopping streets. Further hotels are planned for Shanghai, Beijing and Dubai by the end of 2017. Marriott International is the managing operator of Bulgari hotels, while the hotel designs are handled by Antonio Citterio & Partners. Marriott has long sought to bring Bulgari to Russia, but had been unable to find a suitable historic site. Along with the hotel business, Bulgari is going to develop jewelry business in Russia. In December, the company opened its first store in Moscow in GUM, and plans to launch 4-5 more boutiques, three of which will be located in Moscow.
