Business news from Ukraine

Business news from Ukraine

Accor has opened Novotel Living Kyiv and plans to launch Novotel Lviv in first quarter of 2027

International hotel operator Accor opened Novotel Living Kyiv in the fall of 2026 and plans to open Novotel Lviv in the first quarter of 2027, Andriy Davydenko, vice president of operations for Ukraine, Georgia, and the CIS, told Interfax-Ukraine.

“Novotel Living Kyiv opened on September 9. The initial results are satisfactory, and once the security situation improves, they will undoubtedly be even better.
As for Novotel Lviv, preparations for the opening are actively underway. I hope we’ll be able to open the hotel as early as February,” Davydenko said.

Novotel Living Kyiv (on Gogolivska Street) features 49 apartments (with one or two bedrooms), while Novotel Lviv (at 9 Mitskevych Square) will have 128 rooms.
It was previously reported that in 2023, a contract was signed for technical support and management of the ibis Budget in Kyiv’s Podil district. The property will have 126 rooms, some of which will be designed in a hostel format.

According to data from the Accor website, in the third quarter of 2026, the company opened 63 hotels with a total of nearly 9,000 rooms. As of the end of September 2026, the Group’s hotel portfolio comprised 885,219 rooms (5,857 hotels), while projects in the development stage encompassed more than 273,000 rooms (1,628 hotels).

Accor brings together more than 5,800 hotels, resorts, and residences in 110 countries under more than 40 brands: Raffles, Sofitel, Fairmont, OneFineStay, MGallery, Pullman, Swissotel, Mövenpick, Grand Mercure, The Sebel, 25 hours hotel, Handwritten, Novotel, Mercure, Tribe, Adagio, Mama Shelter, Ibis, Ibis Styles, Adagio Success, Ibis Budget, Jo&Joe, hotelFormule1, hotel F1, Thalassa Sea&Spa, Greet, and others.

In the third quarter of 2026, the group generated revenue of EUR 1.503 billion, up 7.7% (at constant exchange rates) compared to the third quarter of 2025.
Accor SA shares are listed on the Euronext stock exchange in Paris and traded on the U.S. over-the-counter market.

In Ukraine, Accor operates ten hotels: the 3-star ibis in Kyiv, the ibis Styles and ibis in Lviv, the 5-star Fairmont Grand Hotel in Kyiv, the Novotel Living Kyiv, and the Adagio Kyiv Beresteiska aparthotel. The operator’s portfolio is rounded out by the Mercure Kyiv Congress Hotel and the MGallery Hôtel de Paris (Odesa, temporarily closed).

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Ribas Hotels Group Will Take Over Management of the Pótay Cottage Community in Yablunytsia

Ribas Hotels Group will take over management of a project by the investment and development company Arha Group—the Pótay cottage community currently under construction in the village of Yablunytsia (Ivano-Frankivsk Oblast), the company’s press service told the Interfax-Ukraine news agency.

The 3-hectare project involves the construction of 64 detached homes and 18 hotel rooms, as well as a restaurant, a spa, an all-season infinity pool, and other recreational facilities. Pótay is located at an altitude of about 970 meters above sea level, with views of Hoverla and Petros. The complex will combine the privacy of a private cottage with the service and infrastructure of a full-fledged hotel.

“We see that it’s no longer enough for guests to simply choose a destination. They choose a vacation experience: privacy, natural surroundings, the opportunity to spend time with loved ones, and at the same time enjoy hotel-level service. The Pótay concept is shaped precisely at the intersection of these needs,” noted Artur Lupashko, founder of Ribas Hotels Group, whose remarks are quoted in the press release

The grounds will also feature a sauna, lounge and children’s areas, fire pits, spaces for fitness and meditation, and a contemporary art gallery created in collaboration between Arha Group founder Ihor Ilchyshen and People’s Artist of Ukraine Volodymyr Kozuk.

One of Ribas Hotels Group’s tasks within the framework of this collaboration will be to develop the complex’s operational model, service standards, and guest experience, the company noted.

Ribas believes that the cottage complex format is becoming a more prominent part of tourist demand. For example, this summer, hotel occupancy rates in the Carpathian region averaged 67% on weekdays and 72% on weekends. The company has also observed a shift in demand toward locations and formats adjacent to major tourist centers, where guests can enjoy greater privacy and closer contact with nature.

Ribas Hotels Group—founded in 2014 in Odessa—is an international full-cycle hotel management company and hospitality ecosystem. Ribas Hotels Group’s portfolio includes over 50 projects currently under construction, in the launch phase, or under management in Ukraine, Poland, Turkey, and Bali. The company develops city and resort hotels under the Ribas Hotels, Ribas Rooms, WOL home + hotel, and Mandra Moments brands.

Arha Group is an investment and development company. It is implementing residential and commercial real estate projects with a total area of over 15,000 square meters: the AMA Family Resort in Bukovel, the WOL aparthotel in Vinnytsia, the Pótay cottage community in the Carpathians, and the Koreni club community near Vinnytsia.

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Famous hotel in Montenegro to be auctioned for €30 million

One of the well-known hotels on the Montenegrin coast — Plaza in Herceg Novi — will be put up for public auction on September 14. The property together with the land plot has been valued at €30.742 million, the Serbian business portal Parametar.rs reports.

At the first auction, the hotel cannot be sold for less than 80% of its appraised value, so the minimum price will amount to about €24.6 million. To participate, potential buyers were required to pay a deposit of €3.074 million.

The sale is connected with a years-long dispute surrounding the company Vektra Boka, which managed the property. The proceeds from the sale of the assets are to be used to settle the claims of former employees and other creditors. Among them are the municipality of Herceg Novi and the local Water Supply and Sewerage company. CKB banka also has separate claims against Vektra Boka.

If no buyer is found at the first auction, at the second one the minimum price may fall to 50% of the valuation — approximately €15.37 million.

The package being sold includes land worth €7.01 million and buildings worth €23.73 million. The area of the main hotel property is about 5.44 thousand sq. m.

Source — Parametar.rs

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Ribas Hotels Group Verifies Hotel Accessibility Through Independent Audit

The international hotel management company Ribas Hotels Group (RHG) has joined the nationwide project to promote hotel accessibility, “Space with Opportunities.” WOL.GREEN Polyana has undergone an independent audit, the group’s press service reported.

“Today, accessibility is no longer a competitive advantage that sets a hotel apart from others, but rather a basic requirement for all market players. Amid the war, the number of people with amputations and disabilities is growing, and businesses must ensure equal opportunities for all,” notes Anastasia Ocheretnyuk, PR Lead at Ribas Hotels Group, whose remarks are quoted in the press release.

Inclusivity requirements under Ukraine’s State Building Codes (DBN) are constantly being raised (the latest changes took effect on August 1, 2025; work is currently underway on a new edition—IF-U), and it is not always possible to fully implement these innovations in existing projects. In particular, in the existing hotels of the RHG chain, accessibility has so far been implemented mainly in part—through individual elements such as adapted rooms, ramps, or elevators, the press service explains. Accessibility is being incorporated more comprehensively into new projects that the group is building from the ground up, particularly at “WOL Vinnytsia” and AMA Family Resort, where relevant solutions are planned as early as the design phase.

To assess how truly accessible these solutions are in practice, the Ribas Hotels Group participated in Metro Ukraine’s special project “Space with Opportunities,” carried out in collaboration with the nonprofit organization “Dostupno.UA,” during which 10 free audits of hospitality establishments across Ukraine were conducted. The project’s goal is to help HoReCa businesses create accessible spaces for guests and staff amid the growing number of people with disabilities in Ukraine as a result of the war—a number that, according to rough estimates, could reach 300,000–400,000 people in the post-war period.

The RHG network selected the WOL.GREEN Polyana Hotel for the audit; the company had renovated this unfinished building while the full-scale war was still underway, which allowed it to incorporate some accessibility standards right from the construction phase. The audit confirmed a number of implemented solutions: barrier-free common areas, a reception desk with two service areas, a universal restroom with standard handrails, and an elevator that complies with regulations. At the same time, the experts provided the hotel with recommendations on how to design a guest room adapted for guests with disabilities.

According to Tetyana Morozova, head of the architecture division at TEMO Design, incorporating barrier-free solutions into a project from the very beginning is always less expensive than retrofitting a completed facility. At the same time, inclusivity is not limited to the width of passageways or ramps, but encompasses the guest’s entire journey through the hotel: navigation, lighting, acoustics, and psychological comfort.

Ribas Hotels Group was founded in 2014 in Odesa as an international full-cycle management company and a hotel business ecosystem. It manages the entire process: from site selection, design, and construction to management, franchising, and investment. It is the only hotel group in Ukraine that independently handles all stages of creating and developing hotel projects.

The company’s portfolio includes 56 projects currently in the construction phase, launch phase, or under management, including locations in Ukraine, Poland, Turkey, and Bali. It develops 3-, 4-, and 5-star city and resort hotels under the brands Ribas Hotels, Ribas Rooms, WOL home + hotel, and Mandra Moments. The operator’s total room inventory exceeds 1,000 rooms.

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Ribas Estimates Growth Potential of Transcarpathia’s Tourism Clusters at Up to 50%

The growth potential for the market capitalization of Transcarpathia’s tourism clusters over the next three years could reach 40–50%, and 60% for the Skole District in Lviv Oblast, according to the study “Promised vs. Real” by Ribas Invest and Ribas Hotels Group.

As explained to the “Interfax-Ukraine” news agency, this level of market capitalization is driven by growing tourism demand in regions where competition among professional developers remains minimal.

“The market has learned to look not where everything has already been built, but where infrastructure is just taking shape. The difference in land prices between overheated and new locations is now as much as tenfold—this is the ‘window’ for entry before capital floods in,” explained Artur Lupashko, founder of Ribas Hotels Group.

As part of a comprehensive audit of Ukraine’s hotel and recreational development sector, Ribas Invest has identified clusters of locations where entry costs have not yet peaked, despite rapidly growing demand. These include, in particular, the Sinyak–Pylypets–Podobovets corridor in Zakarpattia, the Skole–Tukhlya corridor in Lviv Oblast, and the Kaniv–Cherkasy corridor along the Dnipro River.

According to the study, the average price per 100 square meters of land in the village of Polyanytsia (Bukovel) is $25,000–45,000, in Pylypets—$3,500–6,000, and in the Skole District—$1,500–3,000. The difference in land prices between these locations reaches 1,000%, while the cost of renting a ready-to-use room differs by only 20–25%.

Researchers also note that by 2026, Zakarpattia will have upgraded rail and road logistics, which will make the region comparable to Ivano-Frankivsk in terms of accessibility—at one-third the cost of assets.

Other promising destinations include the Shatsk–Svitiaz lake region in Volyn, the suburbs of Kyiv, and the Odesa coast, where demand is driven by the desire for safe suburban getaways and energy-independent real estate.

Ribas Hotels Group—founded in 2014 in Odesa—is an international full-cycle hotel management company and a hotel business ecosystem. It integrates the entire process—from site selection, design, and construction to management, franchising, and investment.

Ribas Hotels Group is the only hotel group that independently handles all stages of creating and developing hotel projects.

The company’s portfolio includes 56 projects currently under construction, in the launch phase, or under management, including locations in Ukraine, Poland, Turkey, and Bali. The company develops 3-, 4-, and 5-star city and resort hotels under the brands Ribas Hotels, Ribas Rooms, WOL home + hotel, and Mandra Moments.

The operator’s total room inventory exceeds 1,000 rooms.

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Popular Apartel Skhidnytsya hotel in Carpathians kicks off summer season

Apartel Skhidnytsya is a 5-star wellness resort in Skhidnytsia featuring 269 rooms of various types and 12 cottages. From the very beginning, the resort was conceived as a year-round destination, so the summer season here boasts extensive amenities and a packed calendar of events.

The Summer Series 2026 kicked off on May 16 with a performance by MONATIK. A series of major concerts and events is scheduled at the resort throughout the summer. One of the highlights will be a performance by Dorofeeva & Positiff, who are reuniting as a duo after a long hiatus. This is a major event for the Ukrainian music scene and a comeback that fans have been waiting for for years. Also on the season’s lineup are Druga Rika, CHEEV, Vitaliy Kozlovskyi, ARKUSH, DZIDZIO, Anna Trincher, Ochi v Ochi, Mila Nitić, YAKTAK, KOLA, and other artists.

One of the main summer venues will be Central Park, a large outdoor space on the grounds of Apartel Skhidnytsya. In winter, it served as an ice rink, and this season it will become an active recreation area with a roller rink, two padel courts, a tennis court, and a multi-purpose field for soccer, basketball, and volleyball.

An outdoor pool with a waterfall has already been prepared for the summer, featuring the renowned Chornomork restaurant, which adds a touch of the Black Sea to the Carpathian getaway. They have also renovated one of Apartel Skhidnytsya’s signature features—the Infinity Pool. This pool offers a panoramic view of the Carpathians, bringing “a piece of the sea to the mountains.”

One of the resort’s strongest offerings is wellness. In 2025, Apartel Skhidnytsya received an award from the World Luxury Hotel Awards. It combines a 2,000 m² spa, a medical Biohacking Center, physical therapy, wellness programs, and personalized bodywork sessions. Guests can come for a few days to unwind or undergo longer restorative treatments to improve sleep, reduce fatigue, and give their bodies time to fully recharge.

This summer, a day camp featuring a program in the format of a large-scale game will be launched for children. Participants will have their own journals, complete challenges, collect badges, and take part in various activities throughout the day. The program will include quests, creative workshops, games with non-toxic paints, water balls, and boats. A special highlight will be evening stargazing through a telescope.

The culinary offerings at Apartel Skhidnytsya complement the resort’s overall experience. There are two restaurants, a lobby bar, and a food court on the premises, and the menu combines European cuisine, local products, and signature dishes so that guests can choose a dining experience that suits their vacation rhythm.

Gastronomic evenings, creative workshops, orchestra performances, and open-air events are also planned for the summer. At Apartel Skhidnytsya, we aim to create a vacation experience where every day has its own atmosphere and a reason to make it brighter and more fulfilling.

“You shouldn’t directly compare the sea and the mountains. These are different vacation scenarios. Our goal is to give guests everything they come for on vacation—and a little more. Pools, sports, a spa, medical rehabilitation, children’s programs, concerts, gastronomy, and service should work together as a single experience. When a person gets all of this in one place, there’s no need to explain why they should come back,” comments Vasyl Krulko, co-owner of the Apartel Resorts hotel chain.

The resort holds the international Green Key eco-certificate, which confirms the resort’s compliance with modern standards of eco-friendly and responsible hospitality. At the same time, Apartel Resorts works with the local community to develop the region as a year-round resort.

Apartel Skhidnytsya Wellness Resort is the kind of destination that is increasingly drawing visitors to Skhidnytsya for a full, enriching vacation—a place to spend time with family, have fun, attend large-scale concerts, and truly recharge.

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