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Leviev Group to invest $48 Mln in construction of spa-hotel in Kislovodsk.
Russia & CIS Business and Financial Newswire
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October 30, 2006
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Leviev Group to invest $48 Mln in construction of spa-hotel in Kislovodsk
STAVROPOL. Oct 30 (Interfax) - The Africa Israel Hotels, a division of the Leviev Group, plans to build a spa hotel in Kislovodsk in Caucasian Mineralny Vody in the Stavropol territory, official documents from the administration of Caucasian Mineralny Vody read.
"Investments in the project may amount to $48 million, while the construction of the complex will cost no more than $15 million," the statement reads.
The Africa Israel Hotels acquired a 5.2-hectare land plot with the ...
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