Finance the construction of a hotel with a pre-contracted buyerThe Business
The Project is the construction of a hotel in the Russian Black Sea resort Sochi, the site of the 2014 Winter Olimpic Games. The hotel will be a 6,230 square meter, fifteen story building with 25 luxury suites, constructed on a 790 square meter site with a 420 square meter footprint. The building is under construction to be completed in December 2011.
A buyer, one of the leading world luxury hotel networks, has been contracted.
The contractor is investing 30% of the cost of the building and another $40m is required for completion.
Market
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Sector: Real EstateSegment: HotelRegion: RussiaFinancing Size: $20m to $50mContact: Yuriy Tekhnikov
Company: GlenicTelephone: +7 915 235 6416Email: [email protected]