Business news from Ukraine

FUTURISTIC CAPSULE HOTEL MONOTEL ENTERS UKRAINE

The new Ukrainian chain of futuristic capsule hotels Monotel plans to open its first facility near Besarabska Square in August, and two more in Zoloti Vorota (Golden Gate) and near the Kyiv’s bike track – by the end of 2019, the press service of the operator has told Interfax-Ukraine.
“We are planning to open the first facility on Independence Day. It will be located at 9/28 Shevchenko Boulevard and will be designed for 28 people. It includes women’s and men’s bedrooms with 10 beds each and one bedroom for couples with four double capsules. The total area of the hotel is about 300-350 square meters,” Marketing Partner of the Monotel project Ksenia Chigarkina said.
According to her, the investor and owner of the first hotel is the ideologist of the Monotel network, Hanna Osypenko (previously headed the Capitol Invest company). Since the chain is planning to develop a franchise, the second and third hotels will follow the model of the first Monotel hotel with the participation of other private investors.
“By October, we will open a hotel in Bohdan Khmelnytsky Street, and in November-December – near the Zoloti Vorota. The hotel in Khmelnytsky Street will have an expanded format. It will be a monotel and a monohub, where you can work and live 24/7. These will be two independent facilities that will create a unique product on the market in a pair,” Chigarkina said, adding that the chain’ss plans include launching Monotel hotels in Lviv and Odesa, and also, possibly, abroad.
According to her, investments in the opening of the hotel total from $1,200 to $1,500 per square meter. Thus, the launch of one facility will cost about $400,000-500,000. Business owners expect to return the invested funds in two and a half or three years.

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NEW DOLPHINARIUM WITH HOTEL TO BE BUILT IN KYIV

The new Nemo dolphinarium with a hotel is being built a land parcel of around 1 ha near Art Mall shopping and entertainment center located at 37, Zabolotnoho Street in Kyiv.
“Nemo dolphinarium will open at the parking area in six months. It moved. We sold 1 hectare of land and, not mobile, as previously it was at VDNG, but full-function dolphinarium and a hotel are being built… The facility was designed and construction is underway,” A Sky LLC Head and Director General of the Sky Mall shopping center Yulia Vanchenko said at the CP Round Table “Retail Property of Ukraine: the Market is on the Rise”.
She said that she took part in the launch and development of the Art Mall project.
Vanchenko said that the location of the Art Mall shopping and entertainment center is not good in terms of traffic: there are no houses, the subway nearby.
In this regard, as she said, a few years ago it was decided to change the concept of the shopping and entertainment center: the “children’s world” direction was chosen as the key one, and the facility increased its performance.
“The shopping gallery worked for three years, and we reformatted it into a new business focused on children, also new to Ukraine…” Vanchenko said, adding that Planet Toys, Kids Will, Kids Island, wow park, Reserved and LC Waikiki with large children’s departments, Luxoptika Kids are operating now.
“Now the Art Mall shopping center is improving the composition of neighbors around it, and thus the traffic of regular customers,” she said.

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LVIV APPROVES CONSTRUCTION OF HOTEL NEAR AIRPORT, DEVELOPER NEGOTIATING WITH HILTON

The executive committee of the Lviv City Council has approved the town-planning conditions and limits for designing an office and hotel center at 191b, Liubinska Street.
As reported on the website of the City Council, private enterprise Galmodern plans to build an office center with underground parking and a hotel and office center with underground parking on the site. The facilities will be located near the Lviv airport.
Zaxid.net reported with reference to Head of the department of architecture and urbanism of the Lviv City Council Yulian Chaplynsky that Galmodern is negotiating the opening of a hotel under the international brand of Hilton Hotels & Resorts.
“There are negotiations with the Hilton network. But for the time being they have only received town planning conditions for design. It is finally unknown if they submit this [the project] to Hilton or another network,” Chaplynsky said.
According to the unified public register, Natalia Onoshko (100%) is listed as the participant and ultimate beneficiary of Galmodern.
She also acts as a signatory to LLC Innovation Management Systems, registered in 3, Shukhevycha Street, in Lviv. At this address, the Ibis hotel operates (Ibis Styles Lviv Center opened at the end of 2015).

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REIKARTZ HOTEL MANAGEMENT DOUBLES NUMBER OF ROOMS IN HOTEL IN IVANO-FRANKIVSK

Reikartz Hotel Management LLC (Kyiv), the management company of the national hotel chain Reikartz Hotel Group, will open a new building of the Reikartz Park Hotel Ivano-Frankivsk from June 2019, having doubled its number of rooms, to 78 rooms, the press service of the company has reported.
“The construction of the new building, the opening of a conference hall and a banquet hall are primarily due to the increased interest in hotel services in Ivano-Frankivsk and the growth of both tourist and business activity in the region. The new rooms will be performed in the classic Reikartz style and will have the following categories: grand standard twin, grand superior twin and two-room suite,” operating director of the network Andriy Dema said.
According to the company, the new building includes 40 rooms, a multifunctional conference hall for 100 people and a banquet room for 90 people.
As reported, Reikartz Hotel Management signed an agreement on the management of the hotel complex Park Hotel with 38 rooms in Ivano-Frankivsk in 2012.

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FIVE-STAR HYATT HOTEL INCRESES NET PROFIT IN UKRAINE BY 9.3%

PrJSC New Engineering Technologies (Kyiv), the owner and management company of the five-star hotel Hyatt Regency Kiev, in 2018 saw its net profit rise by 9.3% compared with 2017, to UAH 102.056 million. According to a company report in the information disclosure system of the National Securities and Stock Market Commission about a general meeting of shareholders scheduled for April 18, its assets remained almost unchanged and amounted to UAH 348.7 million.
According to the agenda of the meeting, the company plans to pay UAH 101.182 million in dividends for 2017-2018.
The size of dividends will be UAH 0.47 per share.
According to the report, the total debtor indebtedness of the enterprise in 2018 decreased by 36.6%, to UAH 5.336 million.
Retained earnings increased by 7.7%, to UAH 102.07 million.
Short-term liabilities decreased by 19.5% and amounted to UAH 31.3 million. The company had no long-term liabilities by the end of last year.
In addition, the company intends to include UAH 873,300 in retained earnings.

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UKRAINIAN RIBAS PLANS TO OPEN ONE MORE HOTEL

Ribas Hotels Group LLC (Odesa), the managing company of the national chain of midscale and upscale tourist hotel and restaurant complexes, plans to open a hotel in Karolino-Buhaz (Odesa region) in 2020. “In the resort village of Karolino-Buhaz, in May 2020 we will launch the Montana Beach hotel with 69 rooms: standard, junior suite, and suite. For guests with disabilities, we also open superior rooms. The interior and exterior of the facility are styled of America in 1950s of. The planned amount of investment is $2.7 million,” Director General of Ribas Hotels Group Artur Lupashko said in an interview with Interfax-Ukraine.
According to him, the company is positioning the facility as a family hotel. Thus, the project includes a medical center and a nursing room; on each floor there are special alcoves for storing baby strollers.
In addition, the infrastructure of the facility includes two restaurants, one of which is designed on the roof, next to the lounge area and the playground.
“We are also currently finishing work on the environment-friendly facility project for introverts on the Kinburn Spit with about 30 rooms with a small oriental restaurant. It will be small cozy campgrounds. The planned investment amount is $1 million,” Lupashko said.
He said that according to the project, the complex includes a swimming pool, a barbecue area, an open cinema hall, and an entertainment zone with trampolines. The project plan also includes a building for staff accommodation.
Ribas Hotels Group LLC (Odesa) was established in 2017.

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