Heliopark Group sells 3 hotels located in the regions of Russia

The hotel company “Heliopark Group” sells some of its assets planning to strike a bargain with IFC (International Finance Corporation) which is going to purchase 25% of shares of the group. The following three four-star hotels are up for sale to the investors: “Heliopark Old Estate” in Pskov, “Heliopark Emmaus” in Tver region and “Sosnovaya roscha” located not far away from Yalta. The bargain will be concluded officially by the end of the current year.

Hotel of Hilton opened in Perm

The hotel “Hilton Garden Inn” opened in Perm. It is located in the reconstructed building of the hotel “Plaza Olympia”, Interfax-Povolzhie reported. At the opening ceremony “Hilton Hotels Corporation” and ÎÎÎ “Business-Contact” inked a franchise agreement on the construction of another hotel of Hilton in Perm.  According to the director for development of ÎÎÎ “Business-Contact” Sergey Stashkov the company is planning to build the five-star hotel of “Doubletree by Hilton” in the center of Perm by the middle of 2010.   The investment to the project will amount to €30 mln. The company is planning to start the construction in the spring of 2009. 

Second hotel of Hyatt in Russia to open in Yekaterinburg

The international hotel chain “Hyatt” will open the first 5-star hotel “Hyatt Regency” in Yekaterinburg in the end of 2008.  It will be the second hotel of Hyatt after the hotel “Ararat Park Hyatt” in Russia. The company “Bouyges Batiment International” will be in charge of the construction by the request of investment and construction company “Verkh-Isetskaya”.

Apartment complex and high-top hotel to be built in Sochi

“United industry corporation” is going to build high-top hotel and apartment complex on the place of the hotel “Primorskaya”. This was reported to the correspondent of information agency  Domania in the press-office of the corporation.  

Hotel business of Krasnoyarsk: High demand for hotels, lack of construction plots

Perm company “Business-Contact” is going to build the first hotel of  Hilton in the center of Krasnoyarsk. It will be the first five-star hotel in the city. The investment to the construction of the hotel with a total of 150-250 rooms will amount to €20-30 mln.  According to analysts the project might not be implemented as there is a lack of the land plots in the city center. This was reported by deputy director of the company development Sergey Stashkov. “We have been searching for the construction plot for a very long time and unfortunately the plot can’t be our property now. The area of the plot is 0,4 he. It will be enough to erect high-top hotel there. The plot is located in the central part of the city, in close proximity to the most important administrative and cultural objects”, said Stashkov.

On place of Petersburg blockade substation hotel to be erected

Public hearing devoted to the order of construction in the territory near Mikhajlovskij Palace and circus in Saint-Petersburg was held in the central district of Saint-Petersburg Thursday. According to the project developed by ÎÎÎ “ARS” at the plot bounded by embankment of Fontanka river and Inzhenernaya, Klenovaya and Zamkovaya Streets where the substation is located the hotel will be built, correspondent of BN.ru reports. ÎÎÎ “Royal Garden Hotel” is the developer of the project.

4 hotels to open in Ufa

The construction of the one of them has already begun. It will be located nearby “Congress hall”. Another four-star hotel totaling 200 rooms will be built near Sobornaya mosque by the gropup of companies “Kremlin”.

Construction of island “Sakura” to start in 2009

The construction of the island “Sakura” in the form of an arc located nearby Sochi will start in the autumn of 2009 after the end of the high season. This was reported by the manager of the project CEO of ÎÎÎ “Khamar” Vladimir Rudenko.

Quantity of hotel rooms to increase by 1 thousand in Myshkinskij district of Yaroslavl region

The quantity of hotel rooms will increase by 1 ths in Myshkinskij district of Yaroslavl region by 2012. According to Interfax there are several hotels in the district now: hotel in Lesnaya Street (41 rooms), hotel “Volga” (34 rooms), “Zolotoj bor” (45 rooms)”, “Vahta-80” (37 rooms), “Koshkin dom” (65 rooms), “Myshkino podvor’e” (96 rooms) and others.

Cultural tourism to develop in Tobolsk

Tobolsk (Tyumen region of Russia) will become the destination not only for tourists but for pilgrims in the next years. Gennadij Pilipenko, the head of the department for inner tourism development of federal agency for tourism, reported on the press conference of information agency “Tyumenskaya liniya”.

Hotel to open in the house of famous lawyer in St. Pete

New hotel will open in Saint-Petersburg in May 2009. It will be located in the house of Chicherin, prominent lawyer and philosopher. The investor follows all the requirements of the committee for monuments protection and tries to reserve the monuments of historical importance. The hotel will open on the Birthday of Saint-Petersburg. 

Tourism partnership: Saint-Petersburg and Prague

Joint Czech-Russian seminar “Tourism business as the institute of international social cooperation: partnership in tourism” was held in Prague. The presentation of Saint-Petersburg as a large tourist center and the discussions of the ways of cooperation and increase of tourist exchange between Czech Republic and Saint-Petersburg were held at the meeting.

Five star hotels to spread over Povolzhje region

The group of companies “Savva” will build the chain of five star hotels with a total of 700-800 rooms in the cities of Povolzhje (Nizhnij Novgorod, Samara, Volgograd, Cheboksary, Saratov) by the year of 2011, “Kommersant” reports. The investment to the project is estimated to $200 million. The subsidiary of “Savva” ÎÀÎ “Volgastrojgrup” will be appointed to the construction.

International Tourism Academy opened subsidiary in Penza

The branch of International Tourism Academy was created in Penza region of Russia. Scientists, the directors of the largest tourism organizations of Penza region became the members of the branch.
The academy is going to discover the tourism potential of the region, work out the tourism development projects and to publish educational and analytical materials. Different seminars will be held with the directors of tour agencies and hotels dedicated to analysis of tourism field of Penza region and development challenges.  

Tourism news: ferry tourists may be allowed to spend 3 days without visa in St. Pete

Businesses and officials in St. Petersburg want to propose a law that would allow ferry passengers to spend up to three days in the city without a visa. The northern capital has made a big effort in recent years to attract more tourists, largely under the leadership of Governor Valentina Matviyenko, who has said she hopes to make the city an "open European capital." Now, with added infrastructure and a much bigger tourism budget, St. Petersburg is ready to accommodate the additional visitors, potentially five times the current number, industry leaders and city officials say.

Hotel construction in Sochi: Federation Island to improve ecological situation in the region

The meeting for the project of “Federation Island” discussion was held Wednesday in the administration of the central district of Sochi. Representatives of Sochi and Krasnodar region administration, the vice-president of the development company of the project Grigory Usychenko and chief engineer of the project Vladimir Kalaev gave the reports in the meeting.  The ecological issues concerning the construction of the artificial island in the Black Sea were in the spotlight of discussions. The vice president of the project underlined the fact, that the questions of main concern are not even the preservation of the environment of the territory but an improvement of the environmental conditions of the region.

Hotel business of Moscow: Lack of economy class hotels in the city

At present neither foreign nor Russian investors show any interest to the construction of economy class hotels in Moscow. City authorities are anxious about the current state of affairs.      
For example, the deputy of Moscow Duma Igor Protopopov claimed that if the investors don’t finance economy class properties, the strategic plan for hotel construction in Moscow by the year of 2010 will not be implemented. According to the deputy, there are no any exact investment programs to make it profitable for investors to finance middle class hotel accommodations. Special legislation should be created in order to raise investment attractiveness of the middle-class hotels market.

Hotel business of Krasnodar: “Kesco” to build “Novotel” in city hospital

The four-star hotel complex “Novotel” totaling 200 rooms will be built in Krasnodar on the territory of the present city hospital. The front of the hospital building will be build into the first floor of the new 9-storey building. As Kommersant reports, the Krasnodar architect Alexander Kuznetsov informed about that in the meeting of the city administration.  “Such an approach seems to be the most suitable one – from the one hand we preserve the unique appearance of the building, from the other hand modern hotel will appear in the city”. The company “Kesco” will finance the project. At the moment the permission documentation for the complex construction is being validating. The investment to the project will amount to $200mln. The payback period of the complex is expected to be 7 years.

Hotel of Marriott to be built in Tyumen

The coordinating council of region’s governor for creation of common land and town-planning policy in Tyumen region approved today the construction project of the hotel of Marriott worth $96mln in Tyumen, Interfax reports. As press office of the Governor reports, the object to be established in the central part of the region’s capital – Tyumen. It will be located nearby the streets of Republic, Cheluskintsev and Lenina. 

Accor to build hotel in Kostroma

The authorities of Kostroma region are in the process of negotiating with the European bank of reconstruction and development and the European investment bank on receiving the credit for construction of the world-class hotel accommodation in the region’s capital, Kostroma. The director of the department of the external economic affairs and interregional cooperation of Kostroma region Maria Shapkina reported Monday Interfax Tourism.  "The negotiations may result in the construction of the hotel of Accor Hotels.  Most likely the hotel will take a brand name “Ibis””, said Shapkina in a statement, “The exact sum of the credit is still not defined, but it will amount to not less than €10mln.”

“Baltstroy” to build hotel on Fontanka in Saint-Petersburg

The developer company “Baltstroy” is planning to erect a four-star hotel complex in close proximity to Moskovsky Prospect on the embankment of the Fontanka River in Saint-Petersburg. According to analysts investment to the project will amount to $20mln. Analysts underline the fact that high-end accommodations is profitable to build in the city today due to their quick payback period. Nevertheless the middle-class hotels remain to be in great demand today. 

Great lack of hotels in Ufa

The new department “Window to region for investor” opens in Ufa, Bashkiriya in order to stimulate investment to the region. The department will include experts council (will determine projects worthwhileness) and investment council (will give out the permission documents for construction). The process of  project estimation and permission give out will take 150 days.

Tender for investors in Anapa

The company “Redon” in cooperation with the company “Miel’-commercial real estate” will offer the hotel “Bospor” for sale. The hotel worth $6 mln is situated in the city of Anapa, Krasnodar region of Russia.  The hotel is located in the historical center of Anapa, in the popular resort zone “Vysoky bereg”. The whole area of the hotel building is 2.6 ths m2. The hotel includes 44 standard rooms and 7 suites.  The hotel also features restaurant, bar, sauna, gym, two conference halls and two summer verandahs. The hotel has been operating since 2006.

Sovereign Hospitality Holdings investment plan for Russia

The International investment and development company in the sphere of hotel and tourism business Sovereign Hospitality Holdings will invest $1,5 bln into Russian hotel business.  The company is also planning to come onto markets of Kazakhstan, Ukraine, Tajikistan and Azerbaijan.  The amount of investment to every country will be defined when the agreements with the partners are signed. The company doesn’t exclude the investment into Russia will exceed $1.5 bln.  The same amount will be invested to Ukraine and Kazakhstan.  By the end of 2008 the total investments will be assessed. The company considers managing of hotels, construction of new hotels and purchasing hotel properties.   

Hotel Radisson SAS Olympisky to open in Moscow in 2010

The hotel Radisson SAS Olympisky being a part of multifunctional complex which now under construction nearby the sport-complex "Olympisky ” will open in Moscow in the middle of 2010.  The total area of the multifunctional complex will be 80 ths m2, 33 ths m2 of which will be occupied by the hotel. 29 ths m2 of offices of class “A” and underground parking area totaling 420 car places will be included to the complex.


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