The hotel operator Ribas Hotels Group (Odessa) is launching a franchise program for the development of a chain of apart-hotels by Ribas in partnership with developers.
“As part of this partnership, the Ribas Hotels chain transfers all its technical standards and design projects to development companies, supports their design and construction services and strengthens the marketing and sales department,” said Ribas Hotels Group to Interfax-Ukraine.
According to the terms of the partnership, after commissioning, the hotel is transferred to the management of the Ribas Hotels Group. The sale of the apartments is carried out during the construction of the object. The profitability of hotel operating activities is estimated at 8-20% per year.
According to the operator, the first apart-hotel of the WOL sub-brand, which will then be sold under franchise, will open at 121 Fontanska Road Street in Odessa in February 2022.
According to Ribas, in 2022, the chain will be reconstituted with two other apart-hotels in Odessa and Lviv. At the same time, the company has not yet disclosed any developer partners in these projects.
“Given the market demand, the hotel operator plans to create only ten apartment hotel investment projects in different regions of Ukraine,” said Ribas Hotels Group.
Ribas Hotels Group cooperates (management, franchise and reservation) with 25 objects of the hotel and restaurant complex (city, beach and ski hotels). The company’s portfolio includes the business hotels Wall Street by Ribas and Bossfor by Ribas (Odessa), the ski hotel Ribas Karpaty (Bukovel, Ivano-Frankivsk region), the seaside resort Richard by Ribas (Hrybovka, Odessa region). Hotels in Lviv, Kiev, Odessa and also in Poland are currently in the design and construction stage.
The total number of network rooms exceeds 1,000 in various forms of cooperation in eight cities and resorts in Ukraine.
Ribas Hotels Group LLC was established in 2017. According to data from the Unified State Register of Legal Persons and Individual Entrepreneurs, Artur Lupashko is the head and owner of a 100% share in the registered capital of the company.



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