Reconstruction of hotel complexes "Diamant” Group

The rapid growth of tourism and business activity in Russia creates opportunities for the development of hotel business. The creation of modern tourism infrastructure is impossible without hotel services industry which is its important component. Currently, the most popular are the 2-3 star hotels, oriented to business-audience and tourists with average income. But due to the depreciation of fixed assets there is a clear lack of accommodations that meet modern standards.

Given the trends in the industry, the management of the group of companies "Diamant" decided to reconstruct the group’s hotel complexes, which are located in the cities of Volgograd and Volzhskiy. The purpose of reconstruction of hotel complexes was to increase the comfort of the rooms and to expand the range of services offered to clients in accordance with modern requirements. The existing hotel complexes of "Diamant" Group feature a prime location in the central regions of Volgograd and Volzhskiy and the proximity to major highways. The first stage of the investment project was the reconstruction of the hotel, located in the city of Volgograd. For this purpose, experts of IA "SOLEV" carried out the structuring of the project, prepared a set of documents for the organization of financing based on which they attracted a line of credit from one of the largest banks in Russia with total funding of more than U.S. $ 9 million.