September 03, 2009 // Franchising.com // PARSIPPANY, N.J. — Ramada Worldwide, one of the world's leading international hotel chain's with nearly 900 locations around the globe, today announced that the 140-room Ramada Chisinau City Center property in the Republic of Moldova will be the country's first internationally branded hotel.
Formerly the Hotel Codru, the seven-story, four-star hotel is owned by US-based Investment Development Group, a privately held investment firm specializing in commercial and residential real estate in Eastern Europe. The property will undergo a multi-million dollar renovation before re-opening as a Ramada hotel in the third quarter of 2010.
"Eastern Europe represents a great opportunity for Wyndham Hotel Group as there is a growing need for quality, value-rich hotels that provide a consistent and familiar guest experience," said Martin Armitstead, Wyndham Hotel Group senior vice president of development for the Europe, Middle East and Africa region. "Branded properties like the Ramada Chisinau City Center hotel not only allow Wyndham Hotel Group to cater to those needs but further establish the company as the consumers' global lodging provider of choice."
Situated in the administrative region of the city near embassies and parliamentary houses, the hotel will include two full-service restaurants, state-of-the-art business and fitness centers, sauna and multiple banquet and meeting spaces. Guestrooms will have an upscale, modern-design and offer a host of amenities including flat-screen, high-definition televisions and high-speed wireless Internet access.
Located in Southeastern Europe between Romania and the Ukraine, Moldova is best known for its rich, black soil, which provides the agriculture foundation of the country's economy. Its capital, Chisinau, is the country's largest municipality and serves as its center for industry and commerce.
Ramada Worldwide is a global chain of midscale and upscale hotels featuring single, double and suite accommodations. All properties in the United States, and most properties in other regions, offer continental breakfast, high-speed Internet access, expanded cable television, in-room coffee makers and daily newspaper. Select properties offer on-site restaurants, cocktail lounges, room service, concierge service, meeting and banquet facilities and copy and fax services. Reservations and information are available by calling (800) 272-6232 or by visiting www.ramada.com. Information on development opportunities is available at www.hotelfranchise.wyndhamworldwide.com.
Wyndham Hotel Group, part of the Wyndham Worldwide family of companies (NYSE: WYN), encompasses more than 7,000 hotels and 590,000 rooms in 66 countries under the hotel brands: Wyndham Hotels and Resorts®, Ramada®, Days Inn®, Super 8®, Wingate by Wyndham®, Baymont Inn & Suites®, Microtel Inns & Suites®, Hawthorn Suites®, Howard Johnson®, Travelodge® and Knights Inn®.
All hotels are independently owned and operated excluding certain Wyndham and international Ramada hotels which are managed by our affiliate or through a joint venture partner. Wyndham Hotel Group is based in Parsippany, N.J.