Within the next year the new winner of 2014 Olympia will be awarded: the Winter Olympics 2014 will take place in Sochi at the Black Sea and several new hotels will be built in this paradisiac vacation destination in southern Russia for this sport event.

The largest construction project will be a building complex with six new luxury hotels, operated by Interstate Hotels & Resorts. The whole complex will feature 1,564 rooms. Three of the six hotels will be Marriott hotels. This information has been revealed by TOPHOTELPROJECTS, the worldwide leading provider of global b2b hotel data. The opening will be in autumn this year.

Accor prepares the opening of a Mercure hotel (152 rooms) for this year's April. Further a new Hyatt Regency hotel in Sochi (270 rooms, opening in October 2013) is under construction. In autumn an exclusive Capella hotel (59 suites) by the luxury hotelier Horst Schulze should be inaugurated.

Another two properties of the Capella hotel chain will open in May by the Solis brand (in total 172 rooms). Before the end of the year the Rezidor Hotel Group will open a Park Inn hotel (160 rooms) in Sochi. Another Park Inn hotel (198 rooms) will follow in June 2014. In September a new Swissotel (200 rooms - right) will start to operate.

The next large event in Russia is due in 2018: from the 8th June till the 8th July the FIFA World Cup will take place in twelve large cities, such as Moscow, St. Petersburg as well as Sochi.

This supports the hotel construction in Russia enormously. According to TOPHOTELPROJECTS 117 new hotels with more than 37,000 hotel rooms are currently under construction or planed in Russia. 

Russia expects over a million foreign guests to the FIFA World Cup 2018.

The Russian Government promises the hotel operators tax exemption for a year, so that the hotel investments are profitable. According to a study of the accounting and consulting firm KPMG the number of hotel rooms by international hotel chains should rise from nearly 22,000 rooms at late October 2012 to nearly 47,000 rooms in 2018.

The Rezidor Group is the most active hotel chain. Until 2018 the number of Rezidor hotels should increase to 40.  Twelve Russian hotels by the brand Marriott International are currently in operation. Until 2018 ten new hotels should enter the market.

www.tophotelprojects.com