Hotels in Sochi gearing up for the Olympics: 17 new hotels under construction – Over 50,000 hotel rooms to the Olympic Winter Games

Sochi, Russia – 14th August 2013 – In just six months the time has come: On the 7th of February 2014 the 22. Olympic Winter Games will begin in Sochi at the Black Sea. The Russian holiday metropolis experiences a hotel construction boom as never before. For the sporting spectacle approximately 50,000 hotel rooms will be available – with additionally 12,000 rooms on cruise ships, which are anchoring at the paradise Black Sea coast. According to TOPHOTELPROJECTS (www.tophotelprojects.com), the worldwide leading provider of global B2B hotel data, more rooms will be needed – up to 100.000. Currently, there are 17 large hotel projects under construction.

The largest hotel in Sochi, the 1,000-room hotel Schemtschuschina, is completely renovated to the Winter Olympic Games 2014

The largest hotel in Sochi, the 1,000-room hotel Schemtschuschina, is completely renovated to the Winter Olympic Games 2014

Sochi is a huge construction site. Existing hotels are upgraded as well. The largest hotel in the area, the 1000 room hotel Schemtschuschina, has been completely renovated, as “Hotelier TV” reported: www.hoteliertv.net / hotel-construction.

The Russian real estate developer ICN Development is building a hotel and villa complex in Krasnaja Poljana near Sochi. The hotel should be finished in time for the beginning of the Olympic Winter Games in February 2014, the villa until 2016. The Olympics also contributes to increase number of contracts to the German company Röder Zeltsysteme und Service AG that will set up tents with complete interior fittings.

The real estate developer ICN Development is building a hotel and villa complex in the village of Esto-Sadok in Krasnaja Poljana. There is planned a design hotel with 162 rooms and suites and 23 villas. Since 2012, the hotel is already under construction and should be completed for the Olympics in February 2014, the villa until 2016. The investment volume of the project “SimachYard Krasnaya Polyana” is up to 2.5 billion rubles. That is about 60 million euros. On the nine-acre site Fitness and spa facilities are scheduled, as well as a swimming pool, restaurants, bars, a nightclub, a cinema and a helipad for the transport to the ski slopes.

Russian billionaire plans marina in Sochi
The Olympic city of Sochi could get two marinas for the Winter Games in 2014. The plan was only one. The owners of the Holding Basowy Element, the Oligarch Oleg Deripaska, does not want to hand over the today’s cargo port in the Imeretinsk-lowlands to the  holding company Olimpstroi, but instead rededicate. Experts estimate, the project will cost between 50 million and 100 million euros.

The cargo port in the lowlands Imeretinsk has cost 9.3 billion rubles (about 220 million euros). After the Olympic Winter Games in Sochi the port of Port OOO Imeretinski Sotschi Imeretinski, who was transported tons of building materials and technology to the venues, should pass into the ownership of the holding company Olimpstroi. However, as the newspaper “Rbk daily” reported the Russian billionaire obviously has different plans. The nearby tourist complex “Sotschnoje”, which is used as the Olympic Village during the Olympic Winter Games in February 2014 a property also of the Holding Deripaskas Basowy Element. The cost of this 334,000 square meter large area with 2,700 luxury apartments was approximately 500 million euros.

The new marina will be a central element in the holiday complex “Sotschnoje”, as said by the deputy director of Basowy Element, Andrej Elinson. 600 to 700 boat landing stages are stated. The actual cost of the Marina is not clearly defined. The investment volume can only be estimated after the project is completed, Elinson says.

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