Business news from Ukraine

Business news from Ukraine

InterContinental, Swissotel and Ritz-Carlton enter Serbia

According to Srpski Ekonomist, several top international brands – InterContinental, Swissotel and Ritz-Carlton – are entering the Belgrade hotel market, amid expectations of increased demand in connection with preparations for EXPO 2027 and plans to expand the room stock in the capital.

According to estimates cited by market participants, in 2027, during the EXPO period, Belgrade could receive about 4 million guests in just three months, while Serbia as a whole had about 4 million tourists in 11 months of 2025. In this logic, the acceleration of hotel projects is perceived as an infrastructural necessity, but there is already a question whether the market after the EXPO will be able to sustainably “digest” the growth of supply, especially in the segment of high categories.

InterContinental returns to Serbia in partnership with Delta Holding: IHG reported that InterContinental Belgrade is planned to open by the end of 2026. The project is part of the Delta District mixed-use complex in Belgrade’s business and financial center; 203 rooms are announced, and features include a sky pool, rooftop restaurant and bar, spa and conference infrastructure.

Swissotel is planned in the EXPO zone in Surcin. Euro KB Rent will receive state aid in the amount of EUR 15.986 million, which will be paid in two tranches in 2026 and 2027. The minimum investment for the project is estimated at EUR 79.9 million; the materials also indicate that the hotel will include a congress center and spa/wellness with two swimming pools, and a room stock of 378 rooms.

The Ritz-Carlton in Belgrade is planned as part of the redevelopment of the former Hotel Jugoslavija site on the Danube waterfront. Marriott International reported that the property is envisioned with 193 rooms and more than 1,700 square meters of event space, while the project itself also includes residential and office towers, a conference center, a marina and a promenade area. Millennium Team, associated with the project through Danube Riverside, estimates the total investment in the complex at almost 500 million euros, with the hotel opening announced for 2027.

EXPO-2027 in Belgrade will take place from May 15 to August 15, 2027, with more than 130 countries having already officially confirmed their participation, according to the organizing committee’s data

https://t.me/relocationrs/2178

 

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Ritz Hotel in Paris will host sale of thousands of collectible bottles of wine

Wealthy connoisseurs and collectors of prestigious wines have freed up a few days in early April for a unique sale of thousands of collectible bottles organized by the auction house “Lombray-Tecam” in the chic surroundings of the Ritz Hotel in Paris.
The total value of all lots is tentatively estimated at 6 million euros. All the bottles exhibited at the auction come from the same collection of a major collector and enthusiastic about the history of French winemaking man.
For more than 50 years this enthusiast, now deceased, whose name the auctioneers do not announce, bought up and preserved tens of thousands of bottles. His heirs decided to scatter this collection at auction. In the “Ritz” April 3 7 will go under the hammer about 30 thousand bottles.
Those who have had the opportunity to get acquainted with the collection, they say that this is the very material history of the best millezimy, the milestones of the winemaking of post-war France. The collector bought his wines following recommendations from the most renowned, internationally recognized experts in the wine industry.
“The auction house informed me of a certain significant cellar. But it never occurred to me to be in front of such a treasure. It is a kind of Grail, the best initiation into wine experts,” admires Claude Maratier, a specialist who has been invited to advise a number of famous wine auctions. This time he was asked to authenticate each of the bottles.
According to connoisseurs, the selection is worthy of a museum. Among the tens of thousands of bottles are 2,000 magnums (one-and-a-half-liter jars), hundreds of cases of Bordeaux grands crus classés (collected from the best vineyards). As well as batches of bottles of the legendary Petrus, Le Pin, Haut-Brion, Clinet, Mouton-Rothschild and a whole range of other wines of the southwest of France, coveted by any lover.
The collector, of course, did not forget about Burgundy. Numerous cases of the best Burgundian wines – grands crus and premiers crus – from the estates of Romanée-Conti, Dujac, Georges Roumier, Armand Rousseau and others, whose names alone say a lot to true connoisseurs, were put up for auction.
“To describe it in a few words, very simply: all the best is here. Bidders will see only the famous labels and only the best vintage years, such as many wines of the mythical, especially for the Rhone Valley, 1978. Seeing it all was an exciting sight,” comments Claude Maratier.
“At the same time,” emphasizes the expert, “all these wines are in impeccable state of preservation, as if they were new, fresh off the bottling line. I’ve never seen anything like it. The labels are intact, the capsules on the necks look great – all of which should appeal to discerning buyers. This is a cellar of treasures carefully collected over the years.”
The starting prices of the lots are known. For example, a set of six “magnums” Petrus 1982 will be traded from 40-50 thousand euros. A set of bottles Romanée-Conti 1976 year offered for 50-60 thousand euros.

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