Business news from Ukraine

BLACK SEA TRADE AND DEVELOPMENT BANK ISSUES EUR15 MLN FOR BUILDING RADISSON BLU HOTEL IN ODESA, UKRAINE

26 February , 2018  

Black Sea Trade and Development Bank on January 4, 2018 issued EUR15.4 million to Mega Comfort Development (Odesa) for the construction of a four-star Radisson Blu hotel in Odesa with a total value of EUR43.9 million.
“The project will contribute to the development of tourist infrastructure in one of the main Ukrainian cities. This will facilitate both domestic and international tourism, including by visitors from the Black Sea region, namely Russia, Greece, Turkey, and Moldova,” the official website of the bank reads.
It is expected that within the project implementation a high-quality business conference center, as well as more than 700 workplaces will be created.
As reported, with reference to the director general of the project developer Double W, Volodymyr Horaschenko, the construction of the Radisson Blu hotel in Odesa of according to the international standards of “green” LEED certification should start in the first quarter of 2018. The hotel will be built on the site of the Seamen’s Palace in Prymorsky Boulevard in the eponymous district of Odesa, the operator will be the international network Rezidor Hotel Group.
According to Horaschenko, in connection with the environmental friendliness of the future hotel, the company received financing in the amount of more than EUR40 million from international funds, as well as a grant to compensate for 75% of the cost of design works, in particular from the Nordic Environment Finance Corporation (NEFCO) and the Danish Investment Fund IFU.
According to the website Radisson Blu, in February 2018 the network in Ukraine had three hotels, two of which in Kyiv and one in Bukovel (Ivano-Frankivsk region).