As for the Hotel Real Estate Market in Russia, Its Relatively Young. To date, it Goes Through The Stage of Formation and Active Development. OUR Hotel Companies ALREARY WORKING ON A PAR with International Hotel Organizations. Russian Hotel Companies Successfully Develop Their Hotel Brands, Both in Russia and Abroad. Modern Hotel Companies in Russia has Less Experience than International Companies, But, Despite this, They Are not at All Behind Them. To Date, ABOUT 5,000 Hotels are Successfully Function in Russia, The Total Fund of Which is 910,000 Rooms. Most Numbers Are Located in Moscow, While in st. Petersburg There ABOUT 36% of all Russian numbers. At the Moment, The Most Popular Formats for the Development of Hotel Projects Are City Business Hotels. Thhees Include Centers with High Business Activity, A City with a Million Population, Historically, Industrial and Cultural Centers, As Sports Development Centers. ALSO, Another Popular Format Is Club and Country Hotels, Thus Include Areas that Adjoin Multi -Sized Cits, Boarding Houses, Sanatoriums and Variius Resort Hotels. The Development of the Hotel Business in Russia Has Recently Been Evaluated Positively, Which Has Becisive Factor for the Arrival of Management Companies and Interentational Operator s to this business. This factor also influence the formation and Development of the Market of Russian Management Companies. Such Companies Began to Appear at the Begining of 2000.