XXI Century Investments has signed an agreement with France's Accor Group for the construction of 13 hotels in Ukraine. The two partners will complete four five-star hotels in Kiev by 2010 along with nine three-star hotels in other Ukrainian cities.
XXI Century Investments has signed an agreement with France's Accor Group for the construction of 13 hotels in Ukraine. The two partners will complete four five-star hotels in Kiev by 2010 along with nine three-star hotels in other Ukrainian cities.
The first hotel will be developed by XXI Century in Kiev and managed by Accor under its upmarket brand Sofitel. The hotel will include about 27,000 m2, with 270 rooms, 2 restaurants, 2 bars, a fitness club, a ball room, 11 meeting and board rooms as well as 70 underground parking spaces. Construction is planned to begin in the second half of 2007 and the opening is scheduled for late 2009 - early 2010. The estimated total investment for this project amounts to about $90 mln (EUR 66 mln).
