Investment project name: Hotel and Restaurant Complex in Novohrad-Volynskyi
Location: Zarichna Street, Novohrad-Volynskyi
Owner: Novohrad-Volynskyi City Council
Project Overview:
The site covers an area of 1.1757 hectares, designated for the placement and operation of primary, auxiliary, and support buildings for enterprises in processing, mechanical engineering, and other industries (J.11.02).
Ownership Type: Land plot – municipal property; buildings – private property (single property complex).
Investment Type: Options for concession or lease are being considered
Payback Period: 3.5 years
Investment Amount: $7.2 million
IRR: 29%
The Hotel and Restaurant Complex in Novohrad-Volynskyi, located on Zarichna Street, covers an area of 1.1757 hectares. The project is managed by the Novohrad-Volynskyi City Council and is intended for the development of primary, auxiliary, and support buildings, which can cater to processing, mechanical engineering, or similar industries. This property comprises municipal land and privately owned structures, offering investment opportunities through concession or lease agreements. The estimated investment is $7.2 million, with a payback period of approximately 3.5 years and an internal rate of return (IRR) of 29%
Why this investment is promising:
- Strategic Location: Novohrad-Volynskyi is well-positioned in Zhytomyr Oblast, offering accessibility to local and regional markets. The project location is ideal for attracting both business travelers and tourists.
- Potential for Diverse Services: The site could accommodate hotel accommodations, restaurants, conference facilities, and auxiliary services. Its zoning for industrial activities also enables multi-functional usage.
- Economic Impact: The development promises job creation, enhanced tourism, and infrastructure growth, benefiting the local economy.
- Favorable Investment Conditions: The support of the local city council provides opportunities for grants, tax benefits, and simplified administrative processes, enhancing investor confidence
If you’d like further assistance, such as specific business planning or connecting with the city council for details, let me know!
Read more news here.
For more information on grants and opportunities, please click here.
For additional information, please contact the Zhytomyr Regional Development Agency at its registered office: 10003, Ukraine, Zhytomyr, S.P. Korolyova Square, 1, office 401
or by phone +38 098 579 32 39, +38 093 43 79 613.