Vilnius, Lithuania/McLean, Va.: Hilton Worldwide will be welcoming guests in each of the Baltic nations by 2018 following plans unveiled today to bring its midscale Hilton Garden Inn brand to Lithuania and Latvia. The announcement, made at a press conference in Vilnius attended by the mayor of the city, follows last month’s opening of Hilton Tallinn Park, Estonia, the company’s first hotel in the Baltic region.
Patrick Fitzgibbon, senior vice president, development, EMEA, Hilton Worldwide, said: “The Baltic states are amongst some the most attractive destinations in Europe for doing business and the WTTC forecasts each area is set to benefit from increased government investment in travel and tourism – with Lithuania alone looking at an increase of over 60% by 2026. The success of last month’s opening of Hilton Tallinn Park makes this the opportune moment to demonstrate our commitment to the wider Baltic region by announcing our entry to both Lithuania and Latvia.”
Hilton Garden Inn Vilnius City Centre
In a franchise agreement with EIKA, six times named Best Real Estate Developer in Lithuania over the past decade, a midscale hotel of up to 150 guestroom will be constructed. It will form part of a multi-purpose development on central Gediminas Avenue, which leads to Lukiskes Square, the largest square in the city, surrounded by a plethora of significant governmental, cultural and commercial buildings. The hotel itself is expected to open by end-of-2018. Currently the negotiations with potential hotel operators are pending.
Domas Dargis, CEO from EIKA said “Vilnius has a great demand for accommodation as the number of tourists and events continues to grow each year. Occupancy levels are amongst the highest in Europe which makes the city attractive for investment. For almost three years we have considered a hotel development in Gediminas avenue. A study carried out by international consultants helped to decide on the size, chain and brand of the hotel. Our investment decision was based on the location, market situation and professional recommendations.”
Hilton Garden Inn will be part of the multi-functional 18 thousand square meter complex which also will house a business centre, a commercial gallery, cafes, restaurants, a luxury apartment building and an open public space. The site will be equipped with a two-storey underground parking open to the residents of Vilnius and the city visitors.
Mayor of Vilnius Remigijus Šimašius welcomed the presence of Hilton Worldwide in Lithuania and EIKA’s investment in the new project. “The launch of a new high-class hotel and a new business hub in the very heart of the capital is a significant event for the whole city and its residents. It also symbolizes the rebirth of Gediminas Avenue between Lukiškės Square, which is now being reconstructed, and the Parliament Palace. The launch of a well-known international brand in Lithuania will attract more tourists, promote the emergence of new flight destinations and more international events in our city”, says R. Šimašius.
Your email address will not be published. Required fields are marked *
Notify me of follow-up comments by email.
Notify me of new posts by email.
Sign me up for the newsletter!
Kalyani Group explores Investing in Aeron Systems
Ferrero India to construct eight Anganwadi Centres at Baramati, Pune
National Women’s Party unveils election symbol in alliance with All Indian Women’s united party to start campaigning for Lok Sabha election 2019
ICICI Foundation to reach the milestone of training 5 lakh individuals by FY’20 since inception across the country
Sony Sports Weekly Listings | 25th February – 3rd March 2019
2014 The Global Indian New Network (TGINN)