KIEV HOTEL
July 1st, 2001
BY KEITH NUTHALLTHE BOARD of the European Bank for Reconstruction and Development has been asked to consider granting a new and larger loan, to invest in a Ukrainian developer, so it can build a 271-room four-star international hotel in central Kiev, to be run by Radisson SAS Hotels. Plans have been drawn up to lend Euro 47.47 million, which is Euro 7.97 million more than an loan offer made by the bank for a similar project in 1998, which was not taken up. A bank statement said: "The objective is to address the acute shortage of international-standard hotel ...
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