Investors Sought for Construction of Black Sea Resort near Airport

Investment is needed for the construction of a resort complex (a congress hotel and residential apartments) on 5.7 ha on the Black Sea coast.

An airport is a 20-min drive away. Equity capital of EUR 5.18M has already been invested in the project for 12 facilities under construction, the long-term lease of the 5.7 ha and a water use agreement.

Investment is needed for the construction of a resort complex in Gelendzhik village. The complex includes Congress Hotel SPF and residential apartments on the Black Sea coast (first line) on an area of 5.7 ha. The resort is in Russia’s Krasnodar region, near the city of Sochi where the 2014 Winter Olympics will be held.

The expected profitability of the project is 70%. The payback period is 10-12 years. At the moment the market value of the property is about 25 million euros already. The required amount of investment is EUR 75 million.

A business plan for the project is being developed.

We have a company representative who is authorized right to negotiate, sign loans and other financial and economic agreements.

At present the company has no income, because of the construction period.

For more details available for interested investors can contact us on Merar.