A land plot for the construction site has already been allotted and building preparation are launched. In the near future, the regional authorities will sign agreements with the project’s initiators.
Investments in the project are expected to total 900 million rubles. Construction of a nine-storey hotel complex for 140 rooms will be carried out on Leningradskaya Street in the vicinity of Lake Kultuchnoye.
The project is scheduled to be completed by the end of 2017.