Business news from Ukraine

Business news from Ukraine

New hotel opened in Lutsk

14 January , 2025  

Optima hotel chain (formerly Reikartz) opened the Optima Collection River Park hotel near Lubart’s castle in Lutsk on January 13.

According to the chain’s press service, the hotel has 86 rooms of the following categories: “Classic Single, Classic Twin, Classic Double, Standard, Superior, Superior MHN, Junior Suite and Suite. The hotel also offers two conference rooms and a meeting room. The hotel has a shelter for staff and guests during an emergency.

The Optima Hotels & Resorts chain unites more than 60 hotels in Ukraine. Until 2023, the chain was developing under the Reikartz Hotels & Resorts brand, and since 2020, with the help of Turkish shareholders, it has opened hotels in Kazakhstan, Georgia and Uzbekistan. In the summer of 2023, Turkish shareholders bought the Reikartz brand from a Ukrainian company for development in Turkey and Central Asia. In Ukraine, the hotel chain was rebranded in 2023 with the new name Optima Hotels & Resorts.

Optima Hotel Management LLC was established in 2008. According to Opendatabot, the company’s shareholders are Volodymyr Kashutin (Lviv, 99.9%) and Andriy Dema (Kyiv, 0.1%). Kashutin is listed as the ultimate beneficiary. At the same time, until 2019, the beneficiaries were Russian citizens Yuriy Vasin, Leonid Lavrentiev and Timur Rodionov.

According to the financial results for 2023, the company’s net profit amounted to UAH 7 million, compared to a loss in 2022. Revenue increased by 40.8% to UAH 445.8 million.

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