Joint Venture partnership is sought for a hotel project in a prestigious area on the Black Sea, namely the resort area of Odessa city, close to the historical and commercial center of the city. The hotel is a 4-star hotel under the direction of one of the leading international hotel operators. The construction of the hotel resort is 100% completed and finishing is at 60 %. Investment horizon would be 3-6 years and expected IRR is 35-50%.
The total area of the hotel resort project is 60,000 m2. The resort will consist of:
• Hotel - 57,500 m2
• Conference and meeting facilities – over 800 m2 with 500 m2 ballroom
• Wellness SPA and Fitness facilities – over 2,000 m2
• Parking – space for 300 cars
• 4-star hotel with 215 rooms (under the direction of one of the leading international hotel operators)
• 256 luxury apartments (managed by one of the leading international brands of luxury residences)
• Both buildings will have a stylobate and will contain a fitness center with an indoor 25-meter swimming pool, SPA and wellness clinic
• The hotel resort is situated on the sea with a private beach with a long coastline of 200 meters
• In addition to the exclusive private beach, in the hotel complex outdoor pools, tennis courts, playgrounds, covered parking, and finally an outdoor amphitheater for cultural events will be located
• The hotel resort will also have bars, restaurants, a conference center with an area of over 1,000 m2 to enable a variety of international events.
• The hotel resort is located about 7 km (linear distance) to the south of the city centre, with direct access to the coast of the Black Sea. The surrounding area is characterized by residential buildings and – at the moment – by smaller construction sites (mainly for residential buildings).
• The local well-known entertainment zone (offering several restaurants, clubs and bars, etc.) is situated about 500 m (linear distance) to the north of the hotel complex. A private yacht club also featuring restaurants and small entertainment facilities on a rather upscale level is located about 300 m (linear distance) to the south of the hotel complex.
• Odessa International Airport is located about 7 km to the west of the hotel complex.
The project is offered for Joint Venture Partnership.