PropertyEU
C&W to manage tender for operator of new Sochi resort
Date: 9 February 2011
Category: Alternative
Top Project, the investor and developer of a new resort in Sochi, has mandated Cushman & Wakefield's Hospitality team to conduct an international tender to secure an operator for their 2,300-room resort in a prime location within the Imeritinsky Lowland in the Winter Olympic city of Sochi, on the Black Sea.

Having prepared the concept and feasibility study, C&W's head of Hospitality David Jenkins has been working with international architects and the investor to finalise the overall scheme of the resort. With a combination of hotel, serviced apartments and self-catering units, the 35-hectare resort will be the first family resort of international quality in the Sochi area.

'We know that traditionally and still today, the Sochi tourist market is mainly a family-driven mass market - but with little in the way of quality and well planned resorts. We are delighted to be involved in this landmark project which will change the face of family holidays in the area for ever,' said David Jenkins.
 
French market to see speculative development in 2011: C&W
Istanbul rises in ULI/PwC city ranking
ULI Europe appoints Joe Montgomery as new CEO
Tristan Capital starts capital raising for third fund
HIH plans launch of facility management unit in 2011
Vinci sells Nantes retail project to Proudreed
Anixton instructed to sell IVG's Tervueren Plaza
MPC Capital bags Philip Morris HQ project in Munich
Panattoni in new 30,600 m2 development in Silesia
Patrizia acquires plot in Düsseldorf's Oberkassel district
C&W to manage tender for operator of new Sochi resort