VEB.RF will provide 15 billion roubles in concessional financing for the construction of Miracle Baikal, a hotel with 654 rooms in the Buryat village of Goryachinsk.
The total value of the project to build the five-star hotel complex meeting world standards of comfort and service quality is estimated at 18.9 billion roubles.
The project is designed to develop the tourism infrastructure of Baikal Harbour, a special economic zone intended for tourism and recreation.
Timur Temirgaliev, Managing Director, VEB.RF: “Baikal is a popular tourist destination. The lake’s unique nature and local culture, coupled with measures to develop the transport system and create modern, high-quality tourist accommodation and tourism infrastructure, will increase the region’s tourist flow by several times. The new hotel complex will make a major contribution to creating this infrastructure. We see great potential for the promotion of wellness tourism. Miracle Baikal is to become the first full-sized resort hotel in this popular destination.”
The all-season resort hotel will be situated on the shores of Lake Baikal, 175 kilometres to the north-east of Ulan-Ude and 7 kilometres away from the rural settlement’s administrative centre, the village of Turka. The village of Goryachinsk is remarkable for its special microclimate, somewhat warmer than the region’s average in the winter and cool in the summer. Its sandy beaches, picturesque bay, ozonised sea air and hot springs are perfect for recreation and therapy. The hotel is adjacent to the only public beach on the shores of Baikal.
The business plan for the project involves creating a hotel, a thermal spa with a traditional Asian medicine centre, and a sports and leisure complex; building restaurants, cafes, bars, and outdoor sports grounds; and organising sports equipment rental services and excursions.
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