Saturday, November 19, 2011

Sochi investors moved to the full board

The plan to build local hotels increased by one third over three years before the Olympics in Sochi, the Russian government decided to increase the amount of hotel construction by about a third, to 15.535 thousand numbers. Almost all of these hotels have to raise private investors who participate in megastroyke will cost $ 2.33 billion part of their accommodation facilities provide Olympians and state agencies, in particular, the manager of the President and Prosecutor General's Office. Orders of 7 and 23 December, Prime Minister Vladimir Putin has made changes to the program for the construction of Olympic facilities in Sochi, adopted in 2007. In the corrected program, the number of hotels to be built for the Olympians and guests of the Winter Games in 2014, increased by almost 30%: it should now be built about 40 objects from the general fund 15.535 thousand numbers. Indeed, four years ago, plans were much more modest hotels, said one of officials in the administration of Krasnodar region. It is from this year "will begin active construction," says a representative of "Olympstroy". According to estimates Azimut Hotels Company general director Alexander Gendelsmana, the minimum investment in the construction of the planned number of rooms may be $ 2.33 billion total for the preparation of Sochi for the Olympics, including the construction of sports facilities and necessary infrastructure is planned to spend about $ 6.8 billion in the current version of the Olympic construction says that his hotel complexes to reconstruct the government. So, manager of the president must provide three of its pension Olympians "Sochi", "Rus", "Dagomys" 1.62 thousand rooms, and prosecutors - to repair his sanatorium "electronics" for 333 rooms. More than 80% of the planned hotels will have to build or renovate private investors. For example, a number of major developers entered the Olympic hotels belonging to the "Interros" Vladimir Potanin's company, "Rose Farm", which plans to build two hotels at 1.83 thousand numbers. The company "Krasnaya Polyana" (25% owned Sberbank, 26% - his brother, Vice-Speaker of the Legislative Assembly of Krasnodar Territory Ahmed Bilalova Magomed) pledged to build a hotel chain to 2.56 thousand numbers. "Maritime-company" (according to "SPARK-Interfax," a 79% owned by Magomed Bilalova) intends to build another hotel "Sochi Golf Club" with 150 rooms. Technology Transfer Center building complex of Krasnodar Territory "Omega" (100% owned by the regional administration) is ready to build three hotels by 2.71 thousand numbers. Small Hotel of 285 rooms are built LLC "RogSibAl" Oleg Deripaska. These companies are already building in Sochi sports venues and infrastructure. Yesterday, Reuters reported that the largest hotel in Sochi, a 4.2 thousand numbers will build "Bullfinches development" (60% owned by Alexander Chigirinsky, 16% - Millhouse Roman Abramovich and his partners). But a representative of "Olympstroy" says that this project is not included in the Olympic program. "If the project includes hotels in the Olympic program, it allows you to quickly agree on all documents and take any questions from the encumbrance of land," - said one of the local developers. Experts doubt that the hotel projects in Sochi will be profitable. The number of tourists to Sochi grows extremely slowly, while maintaining the current dynamics are unlikely to allow investors to count on a quick return of funds, says Mr. Gendelsman. According to the Administration of Sochi, in January-August 2010 the city was visited by 3.3 million people, which is 5,1% more than in 2009. General director of travel company "Delfin" Sergei Romashkin doubt that the number of tourists in Sochi could increase substantially in coming years. After the Olympics, the city will need a strong federal advertising campaign aimed at promoting the resort, which will cost at least $ 50 million, he said.

No comments:

Post a Comment