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"Privolzh'e svoj dom" LLC invests 237 million of rubles in the construction of a hotel complex

"Privolzh'e svoj dom" LLC invests 237 million of rubles in the construction of a hotel complex on the Rodionova streets of Nizhny Novgorod. It has been announced by Natalia Kazachkova the Minister of Investment Policy of Nizhny Novgorod Region. The hotel will be located between the № 138-136 buildings on the Rodionov street.

According Mrs.Kazachkova, the companies will attract 58% of the borrowed funds of the remaining equity. The service level of the hotel is planned to be four-star and it is also designed for 150 rooms.

The Hotel construction period is about of two years. Construction will begin in the first quarter of next year. The Vienna Int will take the management of the hotel. The company runs a chain of hotels in 50 countries, including Russia's Yekaterinburg.

The company plans to build a restaurant, cafe, and parking In addition to the hotel.

14 November 2011
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