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The cultural heritage site will become a hotel in the center of Vladivostok

The cultural heritage site will become a hotel in the center of Vladivostok
Photo: primorsky.ru

The cultural heritage site will become a hotel in the center of Vladivostok. The former apartment building of the beginning of the XX century will be reconstructed by joint efforts of the investor and regional authorities.

According to the press service of the Government of the Primorsky Territory, the house on Krasnoznamenny Pereulok will become the first hotel reconstructed on the basis of a public-private partnership. The area of ​​the five-story building put up for auction is 1700 square meters. The owner is the government of Primorye, the building will be given for use for 30 years. The project is planned to be completed by 2023.

Igor Trofimov, director of the Primorsky Krai Investment Agency, said that the initiative to renovate the hotel belongs to DV-Capital. She is ready to invest 165 million rubles in the project. The hotel will have 46 rooms, a restaurant and a conference hall.

An investor implementing a project on the principles of public-private partnership can use state property, budget funds and state guarantees if a loan is required. The state also helps in obtaining licenses and permits.

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