The EURO-2012 plans push up Ukrainian horeca industry towards aggressive expansion. With over 300 hotels that need to be built by 2012, now three world-renown hotel chains plan to build over 40 Western-style hotels in Ukraine during the next few years. Belgium’s Rezidor Hotel Group, France’s Accor and the American InterContinental Hotels Group have now started working on nine projects, with three more to begin in 2009. Continue reading
Wyndham Hotel closed and exclusive agreement with the Ukrainian Hotels LLC (part of the Atstron Ukraine) to open fifteen 3-star Ramada Encore hotels within the next ten years.
In recent years, Ukrainians seeking to live in the nation’s capital have turned to less expensive options in the suburbs as urban real estate prices skyrocketed to $5,000 per square meter and higher. Demand remains high, but the rush for affordable suburban land by average citizens and speculators alike is pushing prices for suburban lots to extremes too.