9 Sep '09
Authorities in the Republic of Karachayevo-Cherkessia are looking for $1.6m investment to build an all-season mountain resort at premises of current Medovye Vodopady (Honey Waterfalls) leisure complex, regional officials report.
The resort is reportedly located in the region’s Malokarachayevsky district.
Under plans, the resort if to have 70 hotel rooms and to be able to host up to 300 tourists at a time in its restaurants and excursion tours.
Under the project, the funds are to be used to build a 30-guest-room hotel and overhaul existing 40-guest-room hotel, as well as to build a health and SPA center, baths, tennis court, museum and other facilities.
Today Honey Waterfalls resort specializes on active tourism and offers facilities for horse riding, mountain trekking and archery.
The project will be presented at the 8th International Investment Forum Sochi-2009, to be held on September 17-20.