OKKO Group has begun construction of the first hotel complex of the GORO Mountain Resort in the Lviv Carpathians, the company’s press service reports.
“The construction of the first hotel complex is a strategically important stage in the implementation of the holistic concept of an international all-season resort. According to the master plan developed jointly with Austrian experts, a balanced combination of mountain, ski, hotel and entertainment infrastructure will help increase the length of guests’ stay, which will have a positive economic effect for the entire region,” said Vasyl Danyliak, CEO of OKKO Group and co-founder of GORO Mountain Resort.
The first complex includes three 415-room designer hotels with a total area of 48 thousand square meters, of which 11 thousand square meters are allocated for commercial and entertainment infrastructure, and construction of the first one has begun, the press service ofInterfax-Ukraine said.
OKKO Group started construction of a large-scale recreational project GORO Mountain Resort in October 2024. The total area of the future resort is almost 1.2 thousand hectares, of which 360 hectares are planned for mountain and ski infrastructure, and more than 800 hectares for the development of hotel, commercial and recreational facilities.
GORO Development, an investment and development company that is part of OKKO Group, is engaged in the sale of the resort’s hotel real estate. It is responsible for the development of architectural concepts, construction, functional and recreational content, as well as attracting investments in the hotel business.
Over the next 15 years, GORO Development plans to build 25 hotels with 5,150 rooms at the resort. The first phase on a 127-hectare plot near the village of Volosyanka, 5 km from the village of Slavsko in Lviv region, will include five hotel complexes, a total of nine hotels with 1100+ rooms, and is scheduled to be completed in 2028-2029.
In addition to hotels, it is also planned to build 41 75 km long ski slopes with 342 hectares of snow, two modern gondola lifts and 11 chair lifts, as well as Welcome and Mountain centers.
“GORO will become one of the largest recreational and infrastructure facilities in Ukraine, which will affect the country’s position in the European tourism arena,” Danyliak said.
As reported, in December 2024, the project received a long-term loan from FUIB for 10 years to implement key ski infrastructure facilities, including the Welcome Center, the lower station of the gondola cable car, and a multi-level parking lot, which are already under construction.
The total investment in GORO Mountain Resort is estimated at $1.5 billion. Of this amount, OKKO Group plans to invest $500 million at the expense of its own and credit funds, and another $1 billion is planned to be raised from other investors.
OKKO Group in GORO Mountain Resort acts as the sole owner, major investor, master developer, developer and operator to ensure the harmonious development and holistic concept of the all-season recreational project. OKKO Group has engaged world-class Austrian experts to create an international format: PKF Hospitality (investment analysis and concept), ILF Group (master plan and ski infrastructure) and Doppelmayr/Garaventa Gruppe (design of the lift system and cable cars).
OKKO Group unites more than 10 diversified businesses in manufacturing, trade, construction, insurance, maintenance, and other services. The flagship company of the group is Galnaftogaz, which operates one of the largest filling stations in Ukraine under the OKKO brand, with about 400 filling stations.
The group’s founder and ultimate beneficiary is Vitaliy Antonov.
