[1] It was built to host tourists visiting Russia for the Romanov tercentenary, a huge celebration of 300 years of Russian imperial rule in May 1913.
In 1917, during the change of power, the Savoy was closed, but 10 years later it was reopened and it became one of the four best hotels in Moscow.
[3] In 1987, the hotel closed for a $16 million restoration, funded by INFA, a joint venture between Intourist, the Soviet state tourism monopoly, and Finnair, which reserved 80% of the rooms for its own passengers.
Instead, the Savoy required that all payments be made with credit cards, to cut down on corruption.
[6] The hotel is owned by OAO Infa-Otel, whose stock is shared between Musgrave Holdings (84%), a member of the Guta Group, and the government of Moscow (16%).