The ownership of the building was acquired at a city auctionSt.-Petersburg
20 November 2010
The ownership of the complex of buildings of the Nikolskiy Rynok was acquired by “Nikolskie Riady” CJSC at a meet auction.
Nikolskiy Rynok was acquired for the purpose of carrying out restoration and remedial work and retrofitting the building for modern uses. The volume of investments injected into the project will reach $220 mln.
The work completion date is scheduled on December 2013.
06 February 2017
«Nikolskie Ryady» to preserve its historic colour
The restoration works of a historic Nikolskie Ryady building, situated in the heart of St. Petersburg, is in full swing. The completion of works is planned for Summer 2018 when a new multifunctional hotel complex including a three-star Holiday Inn Express hotel and a hostel operated by Meininger Hotels will be opened.
13 December 2016
MEININGER Hotels and VIYM announce their first partnership in Russia
MEININGER Hotels, Europe’s leading hotel group, and private equity firm VIYM, which specialises in growth capital and hospitality investments across Russia, CIS and Europe, have today announced the signing of a management agreement. The resulting project will see Germany’s MEININGER Hotels open their first ever hotel-hostel hybrid in Russia, as part of VIYM’s Nikolskiye Ryady development in Saint Petersburg.
31 March 2011
The restoration conceptual design plan has been developed and approved
Together with the Rosokhrankultura (Russian Cultural Heritage Protection Service) and KGIOP (Committee on State Control, Use and Protection of Historical and Cultural Landmarks) a restoration conceptual design plan was developed and approved to adapt the building to a modern use.
07 January 2011
Exhibition Dedicated to “Nikolskie Riady”
An exhibition of works created by the Stieglitz Academy of Art and Industry students and dedicated to one of the city’s architectural objects - “Nikolskie Riady” - is being held in Saint-Petersburg.