Three hotels in Crimea can go to Cosmos Hotel Group

Controlled AFC “System” Cosmos Hotel Group can take three apart-hotels in the Crimea for 1.8 thousand numbers. Their construction is engaged in the local Civil Code of the Quarter, which may require more than 20 billion rubles for the implementation of projects. The interest of investors in Crimea is growing in the context of news about the potential recognition of the United States and the countries of the West of the Russian status of the peninsula. But large hotel networks are still looking at the region carefully.

Cosmos Hotel Group (CHG) will manage three objects of the Quarter Group of Companies in Crimea by more than 1.8 thousand numbers, Sources in companies told Kommersant. In CHG they added that three apart-hotels will be implemented under the Cosmos Stay brand. The managing partner of Ivashkevich Hospitality Stanislav Ivashkevich says that the average cost of construction is now 15 million rubles. To the number. Based on this assessment, 22.5–27 billion rubles will be required for the implementation of the entire volume.

The first CHG Apart complex will launch in Yevpatoria in May 2026 and will count 197 rooms, the Quarter Group of Companies said. Another hotel for 450 rooms is planned to be built in Yevpatoria in the first quarter of 2026. The largest project, for 1.2 thousand numbers, “Quarter” is being implemented in the village of Novofedorovka, the Saksky district. The deadlines for its construction did not bring.

In the Quarter, the start of new projects is associated with the growth of tourist flow to the Crimea. The region lost guests in 2022–2023 due to the proximity to the places of hostilities in Ukraine and the closure of the airport on the peninsula. But in 2024, the trend changed: the number of arrivals, according to the local Ministry of Resorts and Tourism, increased by 16% of the year, to 6.06 million people. This year, the demand for summer vacation in Crimea increased by 25-30% a year by the year, previously noted in the association of tour operators of Russia.

The partner of the CMWP consulting company Marina Smirnova says that the total hotel fund of Crimea, taking into account guest houses, is more than 145.2 thousand rooms. But professional hotel operators are still little represented on the peninsula. Among the working market participants, the expert is given by Heliopark, UPRO and Marins Group. The Alean group previously announced the implementation of a large project in Saki (see Kommersant on May 25, 2021).

Stanislav Ivashkevich does not exclude that hotel operators will now be more active in Crimea, hoping to find new opportunities for development in resort locations. But before determining the legal status of the peninsula at the international level, such a decision is unlikely to make companies engaged in the development of projects abroad. Oleg Germanenko, head of the Strategic Consulting group of Nikoliers, draws attention to the fact that a large hotel business in Crimea continues to face difficulties: these are sanctions restrictions, features of payment systems and limited transport links. In Azimut Hotels, the Mantra and Vaste Hotel Management GC, they refused to comment.

NF Group partner Olga Shirokova says that under the program of preferential lending in Crimea, 3.1 thousand classic hotel rooms must be handed over for three to five years. Additional input will provide apart-hotels. Mrs. Smirnova notes that with the beginning of the hostilities, the closure of the airport and the growth of the cost of loans, the interest of investors in the apartments in the Crimea decreased. But now the trend has begun to change: news about the possible recognition of the Russian status of Crimea is heating the interest of investors to the peninsula. Their expectations are based on the underestimation of Crimea, where the average cost of apartments is three times lower than in Sochi, and with the normalization of the political situation, prices will grow sharply, Olga Shirokova explains. But she warns that the profitability of projects in Crimea is lower than in Sochi, due to the lack of opportunities for an all-season rest.

Alexandra Meretsalov