Construction of a five-star hotel under the Lotte brand in Sochi was estimated at 6 billion rubles

A five-star hotel under the brand of Hotel Lotte Co, a South Korean company, is planned to be constructed by 2025.

Metropolis will invest 6 billion rubles in the construction of a five-star hotel in Sochi under the brand of Hotel Lotte Co, a South Korean company, the TASS Russian Information Agency reports with reference to the Head of the company, Anna Nevzorova.

She clarified that the construction will be carried out at the expense of a loan from VTB under a preferential program. The construction is planned to be completed for 2025.

Previously, the agreement on the construction of the Lotte Hotel Sochi Hotel Complex in the Riviera Park in the central part of Sochi was signed by the Vice-Governor of Kuban, Aleksander Ruppel, the Head of Sochi, Aleksey Kopaygorodskiy, and Hotel Lotte Co, a South Korean hotel operator. According to the project, the hotel will include 310 rooms, several outdoor pools, a restaurant, a lobby bar, a beauty salon, a congress center for holding events, and parking.

Currently, Hotel Lotte Co operates 33 luxury hotels in South Korea, Vietnam, Uzbekistan, Myanmar, and the United States. Sochi will become the fifth city of the company's presence in Russia.