LLC "Asia-Invest Group" (Vladivostok) received a sublease of a land plot with a total area of 2.7 hectares on the territory of the integrated entertainment resort (IRK) "Primorye" for the creation of a hotel and entertainment complex.

Construction of the facilities will begin in 2022. Investments in the project will amount to 1.7 billion rubles

Alexander Kim, director of Asia-Invest Group LLC:
In July 2022, as soon as the project documentation is prepared and a building permit is received, we plan to start construction and installation work and complete it within a year and a half. Next year we will start building another 5-storey hotel for 60 rooms, which we will put into operation in the second quarter of 2025. We expect that the hotel and entertainment complex that our company will build will be able to receive 25% of the total number of guests of the entire resort.
The total volume of investments under the concluded agreements in the gambling zone "Primorye" is 75.3 billion rubles, 7 hotel complexes with a casino are at the implementation stage. Construction and design work is carried out by private investors from Hong Kong, Cambodia, Russia, the Republic of Korea and Japan.

Link: https://www.interfax-russia.ru/far-east/news/kompaniya-iz-vladivostoka-poluchila-uchastok-pod-proekt-v-igornoy-zone-primore-planiruet-vlozhit-1-7-mlrd-rub