Africa Hotels intends to build a hotel for up to 160 persons in Kislovodsk. At the moment the company is holding negotiations over purchasing a plot of land with the total area of 0.6 hectares. The deal is said to cost around $3.53 million.
      As the market specialists have estimated, the area gives an opportunity to build a 3-star hotel with parameters up to 10 thousand square kilometres. The volume of investments to the project may reach $15 million.
      The company Africa Hotels was created in 1992 and is part of Africa Israel Investments. Africa Israel Investments manages projects in the sphere of real estate in the USA, Russia, Europe, and Israel.
      
      Source: www.g2p.ru