| Русская версия |
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| A1.
Project Name:
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Short name:
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| Tourist complex «The Star of the East» |
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Full name:
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| Tourist complex «The Star of the East» |
| c.
Summary description:
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| The objective of the present project is to construct a tourist complex including:
-3* hotel for 60 persons (double rooms);
-10 wooden houses for 30 persons total;
-restaurant for 40 persons;
-bar;
-indoor water park, with 2 water attractions, including one for children;
-indoor swimming-pool, 25m long, and a children’s pool;
-bowling facilities, with 2 alleys;
-casino, with 2 gambling tables;
-billiard, with 2 tables;
-game-playing machines (6, including 2 for children);
-2 tennis courts (one of them roofed, for playing in winter);
-sauna;
-spa;
-mud bath facility;
dentist’s room;
-work-out room;
-skiing hill with a cable railway, 50m (subject to additional revision and agreement).
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| A2.
Progress Status:
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| Currently, negotiations with foreign partners are under way. A business-plan will be tailored to suit a potential partner. A stage of negotiations with taking into account numerous interests of negotiating parties is vital. The feasibility study is available. A draft variant has been made.
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| A3.
Organizations involved and their roles:
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| 1) Tourist Agency «Avtotour» Ltd - the initiator of the project.
2) Foreign investor – controlling stock holder
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3) Brest Region Executive Committee - the coordinator of the project.
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| A4.
Project Description:
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| The project is designed for construction of a tourist complex complying with all current requirements, with a well-developed infrastructure for reception, excursion and medical service of tourists coming from Poland, Germany, Holland, the USA, Middle East, CIS as well as citizens of Belarus and other countries.
The tourist complex is to be located at the holiday resort «White Lake», 30 km away from Brest, at the border of Belarus, Poland and the Ukraine. This holiday resort includes large health centres «Berestye», «Lokomotiv». The projected tourist complex «The Star of the East» will have considerable advantages over the existing health centres, particularly, in the fact that, besides a hotel, there has been planned a well-developed infrastructure of auxiliary facilities, such as water park, indoor pools, playing facilities, medical service for various categories of tourists, including family recreation.
The estimated price for complex tourist service is 25% -30% less than that at Brest hotels, which are meant only for foreign tourists. The project offered is unique for the Republic of Belarus.
Average statistical analysis in Europe shows that hotels for 50-60 persons are economical in service and require reasonable investment with minimum staff.
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| a.
Project cost (mln USD):
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| 4.5 |
| A5.
Background / history / overall programme / related or similar projects:
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| «Avtotour» Ltd is a tourist agency registered in 1990 as a private company. The company’s staff has thirty-year work experience in tourism. The major lines of activity are arranging tourists’ reception in Brest and Brest Region and taking tourists abroad. The additional line of activity is international tourist conveyance by buses of European standard. The Company has two Neoplan buses for 49 seats and its own facility with the area of 220 sqm for bus maintenance.
The Company has a license for a construction and erection works. In 2003 the Company’s office with an area of 440 sqm was built in Brest downtown, with the Company’s own and borrowed funds. According to the Company’s managers, the market price of the office amounts to 0.5 mln USD.
The Company is among a score of leading tourist agencies in Brest region. The project idea was created taking into account numerous hotels in Turkey, Egypt, UAE, Germany and Scandinavia. The project has been revised with taking into consideration particularities (winter conditions) and others opportunities applicable to Belarus.
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| A6.
Environmental impact summary:
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| The tourist complex is to be built at the holiday resort «White Lake». For heating, all the hotels working in this zone use solid fuel or black oil boiling houses, which considerably pollutes the environment.
In the project it is planned to use a heating system unique in the Republic of Belarus.
The 1st option: «Thermal pumps»:
The building will be heated as it is done in many of Scandinavian countries. The water with constant temperature +5C is taken from the lake bottom 10 m deep, the extraction of this heat is made, electric energy added, and process of thermal energy accumulation is effected.
The 2nd option:
Currently a project of linking up of Tomashovka settlement to the gas supply pipe has been made. It is possible to connect a boiling house in the tourist complex with the gas supply pipe.
It is also planned to use the local sewage treatment system (which is not applied in this region) as it is done in Poland, with waste disposal and use of recycled water for the needs of the complex.
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| A7.
Possible obstacles/ problems/ risk assessment:
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| 1) Problems. Taking into consideration new heating layout of buildings (thermal pumps) and sewage treatment, it is difficult to calculate their final cost. 2) Problem-solving on the border-crossings «Domatchevo» and «Varshavsky Most» concerning entry and exit of foreign tourists coming for recreation to the tourist complex «The Star of the East» by the «green channel» – 30 min. for service.
3) Help and assistance of executive authorities and governmental bodies.
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| A8.
Term of realization / term of recoupment:
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| 1,5-2 / 6-7
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| A9.
Project’s branch:
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| Sport and tourism
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| B1. Project physical components |
B2. Capital cost (mln USD) |
| Thermal pumps [Manufactures: (Scandinavian countries, Poland,) USA] |
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| Equipment for primary sewage treatment for obtaining recycled water [Poland, Russia] |
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| Bowling equipment (USA, Germany, Russia) |
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| Water-park [Russia, Poland] |
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| Total: |
4.5 |
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| B3. Sub-projects by location |
B4. Project cost (mln USD) |
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| C1. Resources 'in kind', grants, investments, equity / ownership, etc. |
C2. Amount (mln USD) |
| Own working assets of «Avtotour» Ltd.: |
0.5 |
| Loans by Belarusian banks: |
0.5 |
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| D1.
Financing gaps, type of financial assistance required:
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| Creation of joint venture.
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| D2. Sources of finance |
D3. Type of investment |
D4. Amount (mln USD) |
| Foreign investment funds: |
Direct foreign investments |
3.5 |
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| D5.
Financial/ International Institution Name:
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| E1.
Type of users/ markets, volumes, pricing, revenues, quantifiable benefits/ savings:
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| Major customers: foreign tourists from Poland, Germany, Holland, Italy, the USA, Israel, Middle East, CIS countries (Russia, the Ukraine, Armenia); citizens of the Republic of Belarus.
Advantages over competitors: the project provides for all components allowing for reception of tourist with various social status and arrangement of leisure activities. The complex will be used with great efficiency both in summer and in winter. Planned intake per year: 70-75%, 270 days. Price formation: 45 USD per 24 hours for 1 person.
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| E2. Revenues (Sales) |
E3. Amount (mln USD) |
| Revenues per year: |
1.02 |
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| F1.
Cost components, strategies for cost recovery, operating organisations, subsidies, etc.:
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| F2. Cost Item |
F3. Amount (mln USD) |
| All costs are connected with maintenance of the building, staff salaries, taxes, unforeseen expenditures: |
0.37 |
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| G1. Net Income Value |
G2. Amount (mln USD): |
| Net profit volume: |
0.65 |
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| H1.
This form was completed by:
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| Gapanyuk Ivan Mikhailovich, Director.
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| H2.
Organisation (address):
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| Tourist Agency «Avtotour» Ltd: 35, P.M.Masherov Avenue, Brest, 224015, Republic of Belarus
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| H3.
Tel/Fax/E-mail:
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| Tel/fax.: (+375 162) 221070, 220305, 221122
. E-mail: Autotour@brest.by
tel.: +375 162 234692
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| H4.
Date:
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| October, 2011
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| H5.
H5. Supreme Organization:
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| Brest Region Executive Committee
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