Hotel operator Ribas Hotels Group (Odessa) plans to buy income-generating assets in 10 hotel complexes managed by the company, five investment projects under construction in partnership with developers.
“In 2023 and 2024 we plan to acquire income assets to the amount of 7 million c.u. in more than 10 projects managed by Ribas Hotels Group. The hotel and restaurant complexes that will be part of the portfolio are located in Lviv and the region, as well as in Ivano-Frankivsk and Transcarpathian regions. These are mostly resort areas, which are busy all year round”, – the company told Interfax-Ukraine Agency.
Five investment projects are being built in partnership with developers: WOL.GREEN Polyana in Polyana village (Zakarpattya region), Agate Resort & SPA and Morion in Mikulichin village, AMA Family Resort and Ribas Villas in Polyanitsa village (all in Ivano-Frankivsk region). The facilities are to be opened within 2023-2024, with payback period of 10 years, the company specified.
According to the terms of Ribas Invest’s investment program, the entry threshold is 10 thousand c.u., and the company expects an annual yield of 9-12% with capitalization of 5-10%. The company expects that Ukrainians will be interested in investing in income real estate first of all.
“Investing in real estate in installments and with the entry threshold of 10 thousand USD opens up the possibility for hundreds of thousands of Ukrainians to invest in a reliable company and profitable property. For foreigners it’s rather an investment in charity or high-risk asset, which can become very profitable “- believe in Ribas.
Ribas Hotels Group cooperates (management and reservation) with 26 hotel and restaurant properties (city, beach and ski hotels). Company portfolio includes ski hotel Ribas Karpaty (Bukovel, Ivano-Frankivsk Region), 5-star Ribas Duke Boutique Hotel (Odessa), aparthotel Wol.121 by Ribas (Odessa), business hotels brand Ribas Rooms (Odessa, Lutsk, White Church), city hotel Bortoli by Ribas (Odessa) and others. Hotels in Lviv, Kiev, Ivano-Frankivsk and other cities of Ukraine, as well as in Poland, Italy, Yerevan and Cyprus are at design and construction stage.
The total room inventory of the network is more than 1 thousand rooms in different forms of cooperation in eight cities and resort locations in Ukraine.
