North Caucasus | Real estate

Parexstroy-St.-Petersburg to build $16m hotel in Ingushetia

28 Apr '11
Developer Parexstroy-St.-Petersburg intends to invest $16.3m building a business-hotel in the Republic of Ingushetia, regional officials report.

The modern 7,200-square-meter hotel complex is reportedly to be built in the regions capital Magas.

Under the project, the hotel is to include 70 guest rooms, two restaurants, conference-center, spa-salon, dry cleaning, as well as offices.

Timeframes for the project have yet to be disclosed.
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