Business news from Ukraine

LVIV APPROVES CONSTRUCTION OF HOTEL NEAR AIRPORT, DEVELOPER NEGOTIATING WITH HILTON

The executive committee of the Lviv City Council has approved the town-planning conditions and limits for designing an office and hotel center at 191b, Liubinska Street.
As reported on the website of the City Council, private enterprise Galmodern plans to build an office center with underground parking and a hotel and office center with underground parking on the site. The facilities will be located near the Lviv airport.
Zaxid.net reported with reference to Head of the department of architecture and urbanism of the Lviv City Council Yulian Chaplynsky that Galmodern is negotiating the opening of a hotel under the international brand of Hilton Hotels & Resorts.
“There are negotiations with the Hilton network. But for the time being they have only received town planning conditions for design. It is finally unknown if they submit this [the project] to Hilton or another network,” Chaplynsky said.
According to the unified public register, Natalia Onoshko (100%) is listed as the participant and ultimate beneficiary of Galmodern.
She also acts as a signatory to LLC Innovation Management Systems, registered in 3, Shukhevycha Street, in Lviv. At this address, the Ibis hotel operates (Ibis Styles Lviv Center opened at the end of 2015).

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REIKARTZ HOTEL MANAGEMENT DOUBLES NUMBER OF ROOMS IN HOTEL IN IVANO-FRANKIVSK

Reikartz Hotel Management LLC (Kyiv), the management company of the national hotel chain Reikartz Hotel Group, will open a new building of the Reikartz Park Hotel Ivano-Frankivsk from June 2019, having doubled its number of rooms, to 78 rooms, the press service of the company has reported.
“The construction of the new building, the opening of a conference hall and a banquet hall are primarily due to the increased interest in hotel services in Ivano-Frankivsk and the growth of both tourist and business activity in the region. The new rooms will be performed in the classic Reikartz style and will have the following categories: grand standard twin, grand superior twin and two-room suite,” operating director of the network Andriy Dema said.
According to the company, the new building includes 40 rooms, a multifunctional conference hall for 100 people and a banquet room for 90 people.
As reported, Reikartz Hotel Management signed an agreement on the management of the hotel complex Park Hotel with 38 rooms in Ivano-Frankivsk in 2012.

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FIVE-STAR HYATT HOTEL INCRESES NET PROFIT IN UKRAINE BY 9.3%

PrJSC New Engineering Technologies (Kyiv), the owner and management company of the five-star hotel Hyatt Regency Kiev, in 2018 saw its net profit rise by 9.3% compared with 2017, to UAH 102.056 million. According to a company report in the information disclosure system of the National Securities and Stock Market Commission about a general meeting of shareholders scheduled for April 18, its assets remained almost unchanged and amounted to UAH 348.7 million.
According to the agenda of the meeting, the company plans to pay UAH 101.182 million in dividends for 2017-2018.
The size of dividends will be UAH 0.47 per share.
According to the report, the total debtor indebtedness of the enterprise in 2018 decreased by 36.6%, to UAH 5.336 million.
Retained earnings increased by 7.7%, to UAH 102.07 million.
Short-term liabilities decreased by 19.5% and amounted to UAH 31.3 million. The company had no long-term liabilities by the end of last year.
In addition, the company intends to include UAH 873,300 in retained earnings.

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UKRAINIAN RIBAS PLANS TO OPEN ONE MORE HOTEL

Ribas Hotels Group LLC (Odesa), the managing company of the national chain of midscale and upscale tourist hotel and restaurant complexes, plans to open a hotel in Karolino-Buhaz (Odesa region) in 2020. “In the resort village of Karolino-Buhaz, in May 2020 we will launch the Montana Beach hotel with 69 rooms: standard, junior suite, and suite. For guests with disabilities, we also open superior rooms. The interior and exterior of the facility are styled of America in 1950s of. The planned amount of investment is $2.7 million,” Director General of Ribas Hotels Group Artur Lupashko said in an interview with Interfax-Ukraine.
According to him, the company is positioning the facility as a family hotel. Thus, the project includes a medical center and a nursing room; on each floor there are special alcoves for storing baby strollers.
In addition, the infrastructure of the facility includes two restaurants, one of which is designed on the roof, next to the lounge area and the playground.
“We are also currently finishing work on the environment-friendly facility project for introverts on the Kinburn Spit with about 30 rooms with a small oriental restaurant. It will be small cozy campgrounds. The planned investment amount is $1 million,” Lupashko said.
He said that according to the project, the complex includes a swimming pool, a barbecue area, an open cinema hall, and an entertainment zone with trampolines. The project plan also includes a building for staff accommodation.
Ribas Hotels Group LLC (Odesa) was established in 2017.

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RIBAS HOTELS GROUP FROM ODESA PLANS TO BUILD HOTEL IN BUKOVEL

Ribas Hotels Group LLC (Odesa), the managing company of the national chain of three- and four-star hotel and restaurant complexes, has completed the acquisition of a hotel in Bukovel, Ivano-Frankivsk region, and plans to build a new one there by the end of 2019. “In December 2019, the managing company Ribas Hotels Group plans to open a new hotel in Bukovel. The facility is located in Polianytsia (162a Vyshni Street), next to ski lift No. 1,” the company’s press service told Interfax-Ukraine.
The new hotel will be built on the site of the previously acquired hotel facility, which has already been dismantled. The hotel will occupy 3,200 square meters; $4 million will be invested in the project, the company said. “The hotel will offer 45 rooms, and include a spacious restaurant with a terrace, co-working with panoramic mountain views. Before the blueprints were drawn up, we talked to pro skiers and snowboarders, so infrastructure for active tourists takes into account the smallest details… There will also be rooms for guests with disabilities,” General Director of Ribas Hotels Group Artur Lupashko said.
According to him, the swimming pool, Finnish saunas and Roman baths, spa tubs, a massage parlor and a large spa area are almost ready.
As Lupashko earlier said, Ribas Hotels Group in 2019 plans to channel UAH 300 million in investors’ funds into the construction of new hotels. As of February 2019, it manages 25 hospitality facilities.
Ribas Hotels Group LLC (Odesa) was established in 2017.

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CONSTRUCTION OF NEW HOTEL AT BORYSPIL INTERNATIONAL AIRPORT TO BEGIN IN SPRING

The construction of a hotel at Boryspil International Airport will begin this spring, and a total of four hotels can be built at the airport, director general of the airport Pavlo Riabikin has said in an interview with the Interfax-Ukraine news agency.
“We have issued technical conditions for connecting to networks for two objects that are positioned as hotels. Private investors are building them. Two more companies are interested. Therefore, we consider four potential hotels. Construction work at one of them will start this spring,” he said.
According to the airport’s director, if construction companies successfully implement their plans, about 200 rooms could appear at the airport, which will allow to cover the basic demand.
Riabikin also noted that he had not heard “any well-known names from the point of view of hotel business operators,” but he connects this with the fact that the operators themselves do not build housing but manage.

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