credit line worth RUB 790 million for Spring Investment Company to build a new hotel in Nizhny Novgorod.
said: "By financing infrastructure projects like this across Russia, VTB contributes to their active development and success."
Spring Investment (Vesenniye Investitsii) is a company in Nizhny Novgorod, specialising in hotel and restaurant business and construction. The company owns the hotels Ibis, Nikola House and Zhuk Zhak in the city. Constructed on the site of the former Moskva Hotel on Bolshaya Pokrovskaya Street, the hotel complex will be the fourth hotel to be opened in Nizhny Novgorod by the company.