Russian billionaire Vladimir Potanin’s Interros Holding and its partner Vasta Discovery will invest $1 billion in a new Sochi resort.
Russia resorts
Planning for Green Flow Baikal Hotel Moving Forward
An investment project by Green Flow Baikal, LLC at Lake Baikal moves forward for the construction of a 4-star resort.
Sochi Resorts All But Completely Booked
The Mayor of Sochi told reporters this week, 2016 promises the resort near full occupancy. At a session of the public coucil, Anatoly Pakhomov said the resort town will see upwards of 96% occupancy in 2016.
City of Sochi Opens Spring with Labor Day Festivities
News from Sochi, Russia tells of the people there kicking off a festival starting the official Spring Labor Day festivities. Held outside the city’s Winter Theater, the fest symbolizes renewed spirit of this famous Russian resort town.
North Caucasus Resorts Boss Resigns Amid Controversy
According to a report from The Moscow Times, North Caucasus Resorts has had to appoint an interim CEO due to the previous boss having to resign on account of health reasons. The project set to develop tourism in the region has had some conflicts of late.