"HILTON" CAN BECOME THE INVESTOR OF BUILDING OF THE KIEV HOTEL
"HILTON" CAN BECOME THE INVESTOR OF BUILDING OF THE KIEV HOTEL
"THEATRICAL".
Kiev. On January, 19th. The INTERFAX-UKRAINA - is expected Within the next few days
Report signing "about the prime co-ordinated actions"
The Kiev city state administration and investors on realisation in
To capital of the civil-engineering design of hotel "Theatrical".
The head of department has informed on it to agency "Interfax-Ukraine"
Investment policy Vyacheslav Mukhin.
Prospects of investment of building of hotel "Theatrical"
The hotel corporation "Hilton interneshnl" studies.
On Monday at a meeting in city administration with vitse -
The president "Hilton interneshnl" Klajvom Hillerom, representatives
The international financial corporation and Joint-Stock Company "Hotel" Theatrical "
The report on intentions, in particular, a question on division was discussed
Share between participants of the project.
As the assistant predsedateljakievskoj goradministratsii Vladimir Jalovoj has informed journalists after a meeting, was discussed in
ariant,
According to which 25 % of actions will belong to the Ukrainian party, in
That number 20 of % to a city and 5 % of joint venture "п п пЁп п ", 75 % - to the western investors - MFK
And corporations "Hilton interneshnl".
According to V.Jalovogo, it is supposed, that civil work
Will begin since March, 1st and will be finished in 12-14 months.
At K.Hiller's meeting has noticed, that Kiev and Moscow - most
Priority directions for corporation "Hilton interneshnl" on
Territories of the former USSR. He has informed, that 2 days ago has signed
The agreement on hotel building in Tashkent, one month ago - in Baku,
Negotiations are carried on for building of hotels in Moscow and Petersburg.
On a question of journalists on how it estimates the investment
The climate in Ukraine, has noticed K.Hiller, that the Ukrainian legislative
The base "to some extent corresponds to requirements of investors, but
Decision-making process occupies a lot of time, and it is frequent
Serves as an obstacle ".
As he said, the corporation expects, that in the near future
The economy of Ukraine will develop very roughly.
Corporation, has noted K.Hiller, counts, that the enclosed means
Will pay off within 3 years.
As he said, hotel accommodations will be basically standard,
Cost of $200 a day, however, will be as well presidential suites.
K.Hiller has informed, that the total cost of the project is estimated in more
$50 million, about 50 % of cost it will be financed at the expense of the credit
MFK and other banks, a share "Hilton interneshnl" as it is supposed,
Will make from 10 % to 15 %.
//* an information Source: the INTERFAX-UKRAINA, 20.01.99
//* Reg. Nom. - 8090100149.20-------------------------------------------
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