Economy
RosInvestHotel to invest around $21 m in reconstruction of recreation complex in Yalta
13:32
Kyiv, November 3 (Interfax-Ukraine) –Russia's RosInvestHotel, which earlier announced plans to develop three and four-star hotels in Ukraine, has completed designing blueprints for the reconstruction of a recreation complex in Yalta (Crimea), according to a company press release.
"Investment into the reconstruction will be around $21 million. It will take around 1.5 years to realize the project," its director general, Kirill Irtyuga, told Interfax-Ukraine.
He did not disclose the location of the object, adding that this is a former property of Gazprom.
He said that at present, the recreation complex includes one building of around 3,000 square meters. The reconstruction foresees the construction of two buildings of around 9,500 square meters.
Irtyuga said that work on the project would be fulfilled in two stages, in particular, the first one foresees the construction of a residential building with a restaurant and lobby bar, and the second one foresees the construction of a building with a recreation function, with a swimming pool, tennis court, sauna and other facilities.
RosInvestHotel managing company earlier said that it does not plan to change its plans due to the crisis on the loan market.
The company is studying the development of the resort hotel segments in Odesa and Crimea, and is now actively discussing the acquisition of land plots for the construction of hotels, and completed hotels that could be taken under its management, in Kyiv, Kharkiv, Chernihiv and Lviv.
Today, the management of ready-built hotels is a more optimistic business direction in Ukraine, the company says.
As reported, in August 2008, Moscow-based managing company RosInvestHotel was mulling the construction of three- and four-star hotels in the cities of Kyiv, Kharkiv, Odesa, and Chernivtsi.
Investment in the construction of a 100-room four-star hotel is roughly $20-22 million, not including the cost of a plot of land.
The company said RosInvestHotel has already started construction of a countryside hotel with 120 rooms 40 km outside Kyiv, which will occupy an area of 15 hectares.
Tentatively, this will be a four-star hotel. About $18-24 million will be invested in it. It will be commissioned in 2010.
RosInvestHotel said it would invest $62 million into the construction of multi-function hotel complexes in Ukraine and Russia.
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