Ribas Hotels Group, NUMO Development to build apart-hotel in Ivano-Frankivsk region

KYIV. Dec 5 (Interfax-Ukraine) – Ribas Hotels Group and NUMO Development entered into a memorandum on the joint construction of the Melis apart-hotel with 300 rooms in the village of Yablunytsia near Bukovel (Ivano-Frankivsk region).

“It was no coincidence that we chose Ivano-Frankivsk region for building an apart-hotel. According to our data, in peak months there is quite a high occupancy of the hotel rooms. Despite the war, the region is actively developing and is in demand among tourists in all seasons. We also see active development of the necessary infrastructure,” Artur Lupashko, the founder of Ribas Hotels Group, said, commenting on the plans, whose words are quoted in the press release.

According to the report, the project was developed by the Cosmos.in architectural and construction company. The hotel complex will have 300 rooms. It will be equipped with two restaurants, a conference room for 50 seats, co-working space, a spa complex and a swimming pool. In addition, it is planned to build a waste sorting station.

Construction of the complex is expected to finish in 2026.

According to partners, the cost of rooms will be from $2,900 per square meter. The profitability of the project is estimated at 16% per annum, capitalization – from 30%.

According to the memorandum concluded between the partners, NUMO Development is responsible for construction, decoration, sales and customer support, while Ribas Hotels Group monitors compliance with technical norms and standards at all stages, and is responsible for the creative and architectural concept, design and equipment of the hotel complex. After the facility is put into operation, Ribas Hotels Group will manage the complex.

The partners have experience in cooperation: Ribas Hotels Group manages the WOL.121 hotel in Odesa, whose owner is the founder of NUMO Development Maksym Kohan.

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