The Izmailovo Gamma-Delta Hotel was built for the 1980 Moscow Olympics for foreign athletes and journalists. For the design of the hotel building, the famous Soviet architect Yu. Rabaev was awarded the USSR State Prize. The Gamma Delta Hotel consists of two buildings, with a total capacity of more than 3.5 thousand people. The hotel buildings are located on the shore of Serebryano-Vinogradnye ponds, not far from Izmailovsky Park. The hotel offers guests a conference complex consisting of six halls and classrooms. On the ground floor there is a health complex “Paro Clinic”, where there is a Russian, Turkish baths, saunas, a pool with underwater massage, a massage room and a bar. The hotel annually becomes the venue for the Presidential New Year's Eve, as well as the New Year's Eve, which is organized for children by the mayor of the city, Yu. Luzhkov.