Business news from Ukraine

Ukrainian Ribas enters Moldovan market

22 May , 2024  

Ribas Hotels Group is expanding its network to Moldova, with the management of the Tree House Relax Park hotel complex in Chisinau starting on June 1, the company’s press service reports.

“The opening of Tree House Relax Park is a strategic step in the expansion of the Ribas Hotels Group network abroad, which helps to strengthen the company’s position in the international hospitality market. Thanks to its location, high-quality amenities and integration of the company’s best practices, the complex has every chance to become a popular destination for leisure and business events in Moldova,” said Yulia Kosenko, CEO of Ribas Management.

Tree House Relax Park has been operating since 2013 and is aimed at nature lovers and conscious eco-vacationers, from couples with children to business travelers. The park offers comfortable cottages and villas with a sauna, a swimming pool, gazebos, a restaurant and a conference room for business and festive events, and a parking lot for 250 cars.

Artur Lupashko, founder of Ribas Hotels Group, told Interfax-Ukraine that at this stage the company is taking the hotel complex under management, and that its renovation and expansion are planned for the future, with the development concept to be presented later.

Ribas Hotels Group, which has been operating since 2014, is an international management company whose flagship service is the operational management of hotel and restaurant complexes. The company also provides concept development, design, support for all stages of project implementation, consulting, and franchising services for developers.

Its portfolio includes 55 hotels under management and construction, including five projects in Bali. The operator’s total room capacity is over 1000 rooms.

Currently, the company is developing properties in Poland, Montenegro, Austria, Switzerland, Germany, Georgia, Armenia, Italy, and East Asia.