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.
The hotel operator Ribas Hotels Group (Odesa) has preliminary agreements with developers to expand the network of WOL apart-hotels by opening new facilities in Lviv, Kyiv, Kharkiv and Odesa in the next 2-3 years.
As Artur Lupashko, founder of Ribas Hotels Group, told Interfax-Ukraine, according to preliminary agreements with developers, WOL and WOL Black apart-hotels with a total area of more than 20,000 square meters will be implemented in Lviv.
“We also have preliminary agreements to launch WOL apart-hotels in Kyiv and Kharkiv in the next two or three years,” he said.
In addition, it is planned to carry out repair work in the Odesa complex of Aura apartments with the aim of launching an apart-hotel in 2023.
“In addition, two more projects in Kyiv, two projects in Lviv, projects in Uzhgorod, Poltava and Mykolaiv are at the stage of active negotiations with developers,” Lupashko shared his plans.
Ribas Hotels Group is also partnering with developer Asgard in the Duck’s Lake apartment project in Lviv, work on which will start this year.
KHARKIV, KYIV, LVIV, ODESA, RIBAS HOTELS
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.
