Freestyle Park will feature an indoor ski slope, apartments, bars, restaurants, movie theaters, an aqua park, a science museum, and a shopping center. The project is being developed by MT Development, with the hotel portion expected to open Spring 2011. It is Interstate's tenth hotel management contract in Europe, eight of which are open and operating.
"The scale of this exciting new project surpasses anything being developed in Russia today," said Thomas F. Hewitt, Interstate's chief executive officer.
The site of the proposed Freestyle Park is located in southwest Moscow, adjacent to the Moscow Ring Road and along the Kievskoe Highway, one of the key arteries entering the city. The property is within minutes of the Vnukovo Airport and 20 minutes from downtown Moscow.
The development plan includes a 420,000 square-foot ski arena, 2,300 feet in length with a vertical drop of 265 feet; a 312,000 square-foot entertainment zone; 162,000 square feet of retail; a 205,000 square-foot hotel component with approximately 300 rooms; and residential units on 250,000 square feet.
"Freestyle Park will become a dream destination in Russia with the highest level of service for its guests," asserts Alexei Sidnev, managing partner, MT Development.
Among the upscale hotel's amenities are a spa, restaurant and bars, and 10,800 square feet of conference facilities. Interstate also will provide hotel services in the adjoining residential wing. Residential owners will have the opportunity to participate in a hotel rental pool, which would be managed by Interstate.
