OKKO Group is building a mountain resort in the Carpathians: what it will look like
23 October 2024 17:16
OKKO Group founder Vitaliy Antonov and CEO Vasyl Danylyak will build a mountain resort in the Carpathians for $1.5 billion. This is stated in the company’ s press release, "Komersant Ukrainian" reports.
The new all-season mountain resort of the international format GORO Mountain Resort will be located at the foot of the Vysokyi Verkh mountain range at an altitude of 650 m above sea level, near the villages of Volosyanka and Verkhnia Rozhanka, which are part of the Slavska united territorial community, Lviv region.
The total area of GORO Mountain Resort will be almost 1,200 hectares, of which 360 hectares are planned for mountain and ski infrastructure, and more than 800 hectares for the development of hotel, commercial and recreational facilities. Over the next 15 years, the company plans to build 41 75-km-long ski slopes with 342 hectares of snow cover, 17.5 km of ski lifts, including two modern gondola lifts and 11 chairlifts, as well as Welcome and Mountain centres. The first and longest gondola cable car in Ukraine (2.8 km) and the longest ski run (3.8 km) will be built here. Also, 25 hotels with 5,500 rooms will be built.
The first phase of GORO, covering a total area of 127 hectares, will start near the village of Volosyanka, located 5 km from Slavsko. The construction of the Welcome Centre and the lower station of the gondola lift has already begun. In addition, there will be 10 13-km-long ski slopes with 50 hectares of snow and two modern chair lifts. The 20-hectare first phase of the resort will also include five hotel complexes with 1,100 rooms, along with recreational infrastructure with spa areas, swimming pools, restaurants, children’s and business areas. The first phase is expected to be completed in 2028-2029.
The total investment in GORO Mountain Resort is estimated at $1.5 billion. Of this amount, OKKO Group plans to invest $500 million from its own and credit funds, and another $1 billion will be raised from other investors.
OKKO Group unites more than 10 diversified businesses in manufacturing, fuel and energy, retail, development and construction, agriculture, energy, services and other sectors. The flagship business of the group is the largest fuel network in Ukraine under the OKKO brand with 410 filling stations.
