Business news from Ukraine

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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ODESA RIBAS HOTELS GROUP TO BUY HOTEL IN BUKOVEL

Ribas Hotels Group LLC (Odesa), the managing company of the national network of three- and four-star hotel and restaurant complexes, plans to complete the acquisition of a hotel in Bukovel, Ivano-Frankivsk region, by the end of 2018, and in two or three years to gain a foothold in all resort regions of Ukraine.
“We are positioning ourselves as a network of tourist-oriented hotels. Therefore the main focus is on Western Ukraine: in September we are buying a hotel in Bukovel, we are negotiating for the purchase of a 50% stake in one of the largest hotels in Lviv. We also plan to launch a hostel or an apart-hotel. We are looking to the hotels for rent in Kyiv,” Artur Lupashko, the founder of Ribas Hotels Group, told Interfax-Ukraine.
According to him, the opening of a hotel in Bukovel is scheduled for the third and fourth quarters of 2019. The facility is unfinished and it will take eight or nine months to complete all the works.
Lupashko added the company also plans to enter the international market.
Ribas Hotels Group also plans to develop a franchise direction.
Ribas Hotels Group provides comprehensive management services, the services of exclusive booking, franchising, design.

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