Hermes-Sojitz has launched the boutique hotels chain Hermes Heritage Hotels

Hermes-Sojitz international investment fund has launched its project of boutique hotels chain, Hermes Heritage Hotels. At the initial stage, the collection will include 12 unique hotels with 540 rooms located in the North of Italy. We are planning to enter the IPO and expand the chain to 50 boutique hotels.

The project involves renovation of historic Italian palazzos using the latest engineering technologies and modern design concepts of the best architectural and design bureaus of Europe. The chain will be managed by one of the top 5 world hotel operators.

Both foreign and Russian investors are interested in participation in Hermes Heritage Hotels project, since our business model is aimed at creating more than one boutique hotel, and thus represents a promising and intriguing option in terms of return. According to Oleg Yantovsky, Head of Hermes-Sojitz Representative Office in Russia, the foundation is to look into the possibility of creating a boutique hotels network in Moscow and St. Petersburg in the view of the increasing popularity of Russia as a tourist destination.

The results of 2016 demonstrated strengthening of the hotel business positions in Russia. This is due to the growing domestic and foreign tourist flow that spurs the development of the hospitality industry. Moscow and St. Petersburg have always been the main tourist destinations in Russia, and these two cities are of greatest interest to investors today.

However, growing demand meets limited supply. The shortage of international standard rooms is particularly acute in St. Petersburg and its historical part; certainly, this influences the tourist attractiveness of the city.

Architectural features of St. Petersburg and vast number of monument houses in the center make it impossible to implement standard hotel development projects. Still, this is no obstacle to boutique hotel concept, because it takes all advantages of the existing historic mansions. Introduction of high quality standards in implementation of boutique hotels is one of their key elements that, as a rule, is possible only under the management of an international hotel operator.

It is worth adding that the concept of boutique hotels can be adapted to various architectural features and construction solutions with no significant changes in the layout. This fact contributes to the preservation of the historical heritage, and minimizes potential difficulties in communication with city construction authorities.

Direct Investments Fund HERMES-SOJITZ is an alliance of Asian and European shareholders.

Hermes-Sojitz Investment Fund
13A/F, South Tower, World Finance Centre, Harbour City, 17 Canton Road, Tsim Sha Tsui, Kowloon, Hong Kong
+442032390644

This release was published on openPR.