The "President Hotel" was built in 1982. The hotel enjoys the city's premier location situated in the heart of Moscow on the picturesque banks of the Moscow River overlooking a panorama of attractions including the Cathedrals and Palaces of the Moscow Kremlin, the Monument to Peter the Great and the Cathedral of Christ the Savior. As the hotel is the setting for numerous summits, intergovernmental and inter-Parliamentary commissions, international forums and informal meetings between heads of state, the hotel offers the optimum in security.