Russian businessman and billionaire Oleg Deripaska has acquired Solaria Hotel in the Austrian ski resort-village Lech am Arlberg. Deripaska plans to reconstruct the hotel and to open it in autumn 2008. The new 5-star hotel will be used for commercial purposes, according to the Format magazine.
3-star Solaria Hotel had 18 rooms; after the Russian businessman had bought the hotel, the old hotel building was demolished and there was built a new one. The new 5-star hotel named Aurelio also has 18 rooms.
Source: www.travel.ru