Hotel is to be constructed instead of shopping centre on the south-west of Moscow

According to RIA Novosti, Moscow authorities confirmed the offer to build a hotel on the south-west of Moscow.

The sources in municipal administration claimed that hotel engineering is to be carried out in 2010-2011 years; afterwards the erecting is to be started.

“In order to enable ZAO “Gemma” to construct the hotel on the rented lot with total area 0,078 hectares, located in Maria Ulianova St.,17 block A, the function of the lot was changed for the hotel engineering and erection”,- added the official of the Mayor’s Office.

Also he mentioned that the given lot initially was intended for shopping centre exploitation and in the view of the utilization goal changing rental rates will be settled in the amount of 50,01% from cadastral value.

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