02/07/2011 01:33 pm ET | Updated May 25, 2011

Is Giorgio Armani Bringing His Hotel Brand To Russia?

On Monday, Giorgio Armani denied that his hotel group was planning on opening a new property in Stavropol, according to the Agence France Presse.

This would mark the third hotel for the group, which already has properties in Dubai (in April, the latest hotel opened in the Burj Khalifa, the world's tallest building) and Milan.

Last month, a Russian newspaper reported that the group was set to open in the resort area.