The international hotel chain Louvre Hotels Group has opened its first hotel in Ukraine — Tulip Residences Lviv (24a Panasa Myrnoho Street), according to a correspondent from Interfax-Ukraine.
“We see the potential of the Ukrainian market. This hotel is an example of the most modern solutions and meets the highest European standards. And this is not a one-time collaboration; we want to create new projects with our partners, primarily in Lviv,” said Arnaud Wink, Head of Global Development at Louvre Hotels Group.
According to Ivan Luny, managing partner of Burford Management&Consultancy, which provided technical support and launched the hotel, the project was implemented in full compliance with Tulip Residences requirements.
“We are confident in the quality of the solutions and technologies that have been used. This is the most modern mid-range hotel in the region in the short- and medium-term accommodation segment,” said Luny.
The 73-apartment hotel is part of the Kristal Plaza multifunctional complex. The project developer is Galician Construction Guild (GBG). Construction of the facility began in 2019, with a forced pause in the spring of 2022. In 2021, a franchise agreement was signed with Louvre Hotels Group. The office part, where the Lviv Bank is located, started working in 2024.
Tulip Residences Lviv has 73 apartments with kitchenettes, several inclusive rooms, a Tulip Café Corner, a business space, a gym, and underground parking with a shelter. There’s a new city square nearby.
According to Alexander Kryshchophor, head of the GBG development company, the project’s business model involves selling individual rooms to investors. Under the terms of the investment agreements, the owners transfer the rooms to full management, while retaining the right to use the room at a reduced rate for two weeks a year during the low season. Of the 73 apartments, 48 have already been purchased.
Regarding further plans for partnership with Louvre Hotels Group, Krystofor said that several projects are already in the works.
“One hotel in the Slavska OTG is currently in the design stage. We have owned the land for this project since 2019. It will be a three-star hotel with 100 rooms. The infrastructure will include everything necessary for this class of hotel, such as a wellness area, an efficient conference area, and more. We are also analyzing locations in Lviv for hotel real estate,” he told the agency.
Louvre Hotels Group is one of the leading international hotel operators, founded in 1976 in Paris. Since 2015, it has been part of Jin Jiang International. The chain has over 1,700 hotels in 70 countries around the world. Its portfolio includes the Campanile (3*), Golden Tulip (4*), Royal Tulip (5*), Kyriad, and Première Classe brands, the Tulip Residences and Tulip Residences Collection apartment brands, as well as Sarovar, Hôtels & Préférence, TemptingPlaces, and Metropolo. The company ranks second in Europe in terms of hotel portfolio size.
The occupancy rate of Lviv hotels in 2024 dropped to 49% compared to 52% in the same period in 2023, the press service of the Hotel Matrix hotel analytics project reports.
“The year 2024 was a period of significant changes for the Lviv hotel market: the city lost part of its business tourism status to Kyiv. The decline in corporate and business bookings led to a decrease in overall occupancy, which, despite active attempts to increase ADR, could not fully compensate for this loss, leading to a decrease in annual RevPAR compared to 2023,” Hotel Matrix reported.
According to Hotel Matrix, the average daily rate (ADR) for the reporting period amounted to UAH 2785, which is 5.8% more than in the same period in 2023. At the same time, RevPAR (revenue per available room per day) decreased by 3.2% to UAH 1375.
“Despite the 5.8% increase in the average room rate, it was not enough to compensate for the decline in occupancy. This indicates that Lviv hotels, although they were able to adapt their tariff policy, were unable to cope with the complete loss of customer flows, which led to a decline in RevPAR in 2024,” the study says.
It is noted that Lviv hotels should revise their hotel strategies for 2025 to compensate for these changes in the dynamics of customer flow.
Hotel Matrix is a web-based hotel analytics product developed by experts from Poland and Ukraine. It was launched in May 2020. Currently, 200 hotels are connected to Hotel Matrix.
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.
Tsarsky Hotel is the epitome of luxury and comfort in the heart of Kyiv. Located in the center of the capital, it gives guests not only an incredible experience, but also a unique atmosphere of peace and tranquility, which allows you to completely disconnect from the bustle of the metropolis.
The Tsarsky Hotel offers luxurious deluxe apartments, each of which is a true masterpiece of design. Spacious rooms of 44 and 47 m² create a feeling of spaciousness and comfort. Each room has been thought out to the smallest detail: stylish interiors, modern technology and luxury elements that provide maximum comfort. Particularly noteworthy are the king-size beds, where even the most demanding guest will find true peace. For your convenience, there is a separate seating area where you can relax after a day full of experiences.
To make your stay even more comfortable, the hotel offers a unique pillow selection option. Thanks to the pillow menu, you can choose the one that best suits your preferences and habits: down, memory foam or orthopedic pillow. This is the perfect solution for those who want to feel at home even while traveling.
The bathroom of the rooms is the place where you will want to spend more time. In addition to a luxurious jacuzzi that will allow you to turn your evening into a real spa session, each room is equipped with high-quality body cosmetics from well-known brands. To take care of your comfort, you will find branded leather cosmetic bags in your room that you can take with you as a memory of your stay at the hotel.
For your leisure time, the rooms have everything you need: access to popular streaming platforms such as Netflix, YouTube, and Megogo, allowing you to enjoy your favorite movies and TV shows at any time of the day. In addition, the room has multi-level lighting that creates an atmosphere of warmth and comfort. You can choose the intensity of the light depending on your mood, which will add even more comfort and tranquility.
Another advantage of the hotel is the availability of a minibar with a wide range of drinks, which will allow you to enjoy your vacation at any time.
Thanks to all these elements, Tsarsky becomes an ideal place for those who seek not only a comfortable stay, but also luxury that surrounds them at every moment. This is a place where every detail works for your maximum comfort, and you can feel like a part of an elite environment. Silence, sophistication, attention to every detail – all this makes your stay at the hotel unforgettable.
Breakfast at Tsarsky Hotel is a moment you will want to repeat. Your mornings here will smell like freshly brewed coffee and delicious breakfasts from the menu. If you need to leave early, a lunch box will be prepared for you to make your day start deliciously even on the road.
Guests of the Tsarsky Hotel can spend the day in the aqua lounge with a personalized guest visit. This is a place where water, tranquility and elegance meet in perfect harmony. The wonderful atmosphere will help you reboot and forget about your worries. Immerse yourself in luxurious relaxation: swimming pools, jacuzzis, steam rooms, baths, massages and broom steams. Add to the benefits of your body with body wraps and peels.
A state-of-the-art gym with the latest fitness equipment is also available for your perfect workout.
Details that matter!
Your car is waiting for you in our free parking lot, and we’ll take care of the rest. While you’re relaxing, our car care specialists can wash and maintain your car. You know how nice it is to get into a clean and comfortable car after a relaxing day.
For those who appreciate sophistication and great deals, we have great news: book your apartment with a 10% discount. Just enter the promo code Hotel10 in the comments when making a reservation on the website: https://tsarsky.com/hotel
Tsarsky Hotel is a place where time stands still. A place where you do not think about business, but simply enjoy every moment.
Make a gift to yourself or your loved ones – book your perfect room right now and make sure that a luxurious vacation is possible even in the heart of Kyiv!
In the Ukrainian hospitality market, 45 new projects of hotel and apartment complexes and 108 hotel-type cottage towns are planned for 2024-2026, according to a study by Ribas Hotels Group.
According to it, in the next two years, the announced replenishment of the room stock is 6670 rooms for hotels and apartments, and 3097 houses for cottage communities.
According to the study, as of mid-2024, there are 2017 hotels operating in Ukraine, while 12 facilities have been destroyed or damaged since the start of the full-scale war.
Optima Hotels (64 hotels), Ribas Hotels Group (21 hotels) and Premier Hotels and Resorts (11 hotels) are the leaders in terms of the number of hotels. Among the foreign chains, Accor with nine hotels and Radisson with five are the leaders in terms of the scale of their presence.
The average occupancy rate of Ukrainian hotels in the first half of 2024 was 34-38%, and in some regions in the west of the country (Lviv, Ivano-Frankivsk, and Zakarpattia regions) it reached 60-70%.
According to the study, since 2013, the total number of collective accommodation facilities has been decreasing by an average of 175 facilities annually, mainly due to health facilities, sanatoriums, health resorts, boarding houses with treatment, balneotherapy and mud hospitals, tourist bases, campsites, recreation centers and boarding houses. At the same time, the number of hotels increased by 9.1%, motels by 10.7%, and hostels by 28.7%.
According to analysts, after the war ends, the tourist flow in Ukraine may increase to 14.5 million people. Thus, the current room capacity will not be able to meet the demand. According to Ribas Hotels Group, the potential need for hotel rooms may be +30-40% of the current number.
It is noted that the study used data from the State Statistics Service of Ukraine, the State Agency for Tourism Development, the State Border Guard Service, the main statistics departments of Kyiv, Lviv and Lviv Regional State Administration, Odesa, Kharkiv, Dnipro regions, the Ministry of Culture and Strategic Communications, the State Register of Immovable Property of Ukraine, the Service Portal for Tourists, the Hotel and Statistical Aggregators.
Hotel operator Ribas Hotels Group and development company Arena Bud intend to build an Erwin Hall apartment hotel in the village of Polyana (Zakarpattia region), the operator’s press service has reported.
According to the press release, the hotel is scheduled to be commissioned in the third quarter of 2027. According to the project, the seven-storey hotel will have 116 apartments of different categories: smart, 1- and 2-room apartments with an average area of 32 square meters.
According to the founder of Ribas Hotels Group, Artur Lupashko, the estimated payback period of the hotel is up to 9 years, with a yield of up to 11.5% per annum.
“Mineral waters and unique nature have always provided a reliable tourist flow and turned Polyana into a resort that also has a good and safe location, as it borders Hungary, Slovakia, and Romania. We are also ready to cooperate with the local authorities and develop the surrounding areas, including infrastructure for drivers and pedestrians, landscaping and lighting,” explained Oleksandr Kurakh, CEO and founder of Arena Bud, as quoted in the statement.
Ribas Hotels Group is an international management company established in 2014 in Odesa, whose flagship service is the operational management of hotel and restaurant complexes. The company also provides services in concept development, design, support of all stages of project implementation, consulting and franchising for developers.
The company has 28 city, beach, and ski hotels under the Ribas, Ribas Hotels, Ribas Rooms, WOL home + hotel, and Mandra Glamping brands under integrated management and exclusive booking. The operator’s total room capacity is over 1000 rooms. In total, the portfolio includes 55 projects, including those under design and construction.
The company is currently developing facilities in Poland, Moldova, and Indonesia.
Arena Bud’s portfolio includes nine commissioned residential complexes with a total area of over 40 thousand square meters in the western regions of Ukraine.
