Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Billionaire Lauder Forms Moscow Hotel Venture, Vedomosti Reports

March 24 (Bloomberg) -- U.S. billionaire Ronald Lauder, a shareholder in cosmetics maker Estee Lauder Cos., invested about 12 billion rubles ($423 million) for a stake in a hotel venture with Moscow’s city government, Vedomosti reported.

Lauder will have 20 percent of the Gostinichnaya venture, which will control the city’s stakes in 15 hotels in the Russian capital, including the Hotel Moskva near Red Square, the newspaper said today, citing unidentified city officials.

Story link: {NSN LIJQL26JTSE8<GO>}

To contact the reporter on this story: Yuliya Fedorinova at

To contact the editor responsible for this story: Brad Cook at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.