South Korean LS Networks to build $10m hotel complex in Russia

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South Korean LS Networks to build $10m hotel complex in Russia
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LS Networks, a South Korean company, intends to build a hotel complex in Bolshoi Kamen advanced development territory located in the Primorye region, Russia.




As Construction.RU was told by the press office of the Ministry of Far East Development of Russia, the South Korean company signed an agreement with the Far East Development Corporation. The complex will include a hotel for 120 rooms and an apart-hotel for 80 rooms.

Apart from that, there will be a number of guest houses and parks, sports grounds, cafes and conference halls.

The volume of financing of construction activities at the site, which are due to start as early as this year and will last for 24 months, is expected to exceed 596 million rubles (about $10 million).



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