Russia has been on the upswing in recent years within the hospitality market, and all indications are that this trend will continue, according to information from the TOPHOTELCONSTRUCTION database.
The hotel construction pipeline in Russia is dynamic, with 96 projects upcoming that are slated to yield 18,437 rooms. Of these projects, a near majority are planned in the years to come, with 49 percent of the hotels being planned for the year 2021 or beyond. Meanwhile, 17 percent are slated to open this year, while 25 percent are lined up for 2019 and 9 percent for 2020.
With all that in mind, it’s all but certain that Russia will be a market to watch in the years to come. That’s why today we’re diving into the TOPHOTELCONSTRUCTION database to take a look at some of Russia’s top upcoming hotel projects for 2018 and beyond.
Russia’s Top Upcoming Hotel Projects for 2018 and Beyond
This hotel is currently under construction, with a targeted opening date in the first quarter of 2020. Once it is completed, it will offer 190 new rooms for guests. The hotel will occupy one of the loft-block buildings, which consists of six buildings. The remaining buildings will work in the format of the apart-hotel. The total area of the complex is 87 thousand square meters, the volume of investments is 6.9 billion rubles. At Hilton Worldwide, the request for “DP” about the new project in St. Petersburg was left without comment.
With 279 rooms and an amazing coastal location, the Naga Vladivostok is slated to open in early 2020, according to the TOPHOTELCONSTRUCTION database. Developers, however, have not released much information about this hotel past that.
This project, which is slated for completion in 2020, will feature 125 hotel rooms in a multi use 25-story complex that is to be located on Charnyshevskogo Street in Vologda. It is currently in the pre-planning phase, but once it is completed it will offer rooms, restaurants, a business center, a fitness center, and underground parking.
More information on hotel projects in Russia can be found in the TOPHOTELPROJECTS database. TOPHOTELPROJECTS is the specialized service provider of cutting-edge information of the hospitality industry.