With Marriott opening Aloft, Radisson opening Park Inn and Accor opening another Ibis, Mohammed Zahoor believes the time is right in Kyiv to seek $30 million new financing

With Marriott opening Aloft, Radisson opening Park Inn and Accor opening another Ibis, Mohammed Zahoor believes the time is right in Kyiv to seek $30 million new financing to complete the long frozen renovation of the Leipzig hotel, on the corner of Volodymyrska and Prorizna. Zahoor, whose Istil Group bought the hotel in 2009, tells the UBN he wants to sell all or part of the hotel. Under a longstanding management contract with Marriott, the hotel would open as a 173-room, four star Renaissance. Zahoor says that with a capital infusion, the hotel could open in nine months.