AI Development and Ribas Hotels Group are planning to open Dzen Residence hotel complex in Ivano-Frankivsk region in 2025, the press services of the companies report.
“Dzen Residence is a new product for the Ukrainian real estate market. We are confident that the combination of Japanese aesthetics with the Carpathian nature will create consistently high demand and provide a stable income for our investors,” said AI Development co-founder Igor Didyk.
According to the release, the complex will be located in the village of Yablunytsia, Ivano-Frankivsk region, at an altitude of 960 meters above sea level, with a panorama of the Chornohora ridge. The 8-hectare area will accommodate 86 houses of 5 categories with an area of 42-110 sq.m. and a condo hotel with 60 rooms of 3 categories. Dzen Residence is designed in such a way that each house has a view of Hoverla, and the rooms of the condo hotel – of Petros.
The infrastructure of the complex includes a biobasin, a 655 sq. m. spa complex with an infinity pool and 5 types of saunas; a recreation area with a fireplace, places for tea ceremonies, yoga classes, two padel tennis courts; two restaurants with a panorama and a food court in the coworking area; parking for cars. A grid bridge will be built at a height of 15 meters and a pedestrian zone around the river will be arranged; there is a water source with a high mineral content; ponds with trout and Japanese carp. A large event hall (2 thousand square meters) was designed for business conferences or other events.
The project developer is AI Development. The integrated management of the hotel complex will be provided by Ribas Hotels Group. The project is designed for two stages of construction: the opening of the first stage is scheduled for Q3 2025, the second – for Q1 2025. Investors can buy cottages with an area of 55 m² with a minimum investment of $203.5 thousand, as well as apartments in condominiums with an area of 29 m2 and a price of $107.3 thousand.
“We forecast an average occupancy rate of 63% for this complex with an average room rate of $144. In terms of operating profitability, we forecast 11.1%. The total profitability, taking into account operating activities and capitalization, is 15.7%,” said Artur Lupashko, founder of Ribas Hotels Group.
AI Development is a development company founded in 2023, with an authorized capital of UAH 50 thousand. The company’s founders are Igor Didyk and Andriy Babula, with 50% of the authorized capital each.
Ribas Hotels Group is a full-service international management company with 10 years of experience, with 55 hotels under management and construction in its portfolio, including 8 projects in Bali, 1 in Moldova, and 1 in Poland. The total number of rooms is over 1000.
