4-star Hotel and «A» Class Business Center in Novosibirsk (new) - Анализ рисков, управление проектами IC&M Development

4-star Hotel and «A» Class Business Center in Novosibirsk

January 2006 – September 2010

This project involved companies that are leaders in their industries, quality and professionalism which is confirmed by extensive experience andn the successful implementation of various projects in Russia and the world.

The investor of the project: international investment fund London & Regional Properties. Management Company - an international hotel network operator Hilton.

Description of the Site

The area of land allocated for the construction of the hotel - 0.5 hectares.

The site is located in the center of Novosibirsk.

Distance to key facilities of the city:

City Hall - 450 meters
Regional Administration - 500 meters
Novosibirsk regional council - 500 meters
Lenin Square - 450 meters
The nearest subway - 450 meters.

Travel time to airport «Tolmachevo» is about 25 minutes by car and to «North» 20 minutes respectively. To the railway station Novosibirsk-Main - 10 minutes.

The openness of the site and its elevation provide good visibility of the hotel.

Project Concept

The completion in 2010 of the construction of a modern 4-star hotel complex with an inventory of 189 rooms, under the management of the network hotel operator Hilton, and a class «A» business center.

The total area of the hotel - 11 007 sq.m.
The total area of the business center - 14 909 sq.m.
The complex has an underground parking lot with 175 parking spaces, an area of 5031 sq.m.
The total area of the hotel complex with the business center and underground parking - 25916 sq.m.

The hotel complex comprises of 3 conference rooms, meeting rooms, two restaurants and a cafe-bar. In addition, the hotel complex includes: a gym, SPA-salon, beauty salon, laundry and dry cleaning.

During the construction and decoration of the complex, modern high-quality construction and finishing materials were used, as well as the latest technological equipment to ensure a high level of comfort for both hotel guests and for those working in the business center.

Works Carried out by IC&M

N	Stages of the project	Name of work
I	Developing a business plan of the investment project Phase I implementation period - 2 months	1. Carrying out market researches of the market. Assessment of investment parameters of the project, project concept and carrying out risk assessment.
II	Search of the land for construction Phase II implementation period - 2 months	1. Search for land, conforming to the requirements set by results of the first stage.. 2. Technical expertise in terms of communication and means of supplying the required power.
III	Attraction of investments Term of implementation of Phase III - 2 months	1. Carrying out consultations with the leading international hotel operators, adjustment of the specification on designing. Refinement of the investment budget. 2. Attracting strategic investors 3. The agreement on the management of a hotel complex with the hotel operator.
IV	Registration of lease rights to the selected plot of land, obtaining permissions, approvals and specifications Term of implementation of Phase IV - 8 months	1. The principal solution to the issue in the administration of of Novosibirsk region with Novosibirsk City Council about site allocation. Signing of the investment agreement with administration of the region and Novosibirsk City Council. 2. Preparation of the Act, site selection and approval of all necessary permits, consents and monitoring bodies and institutions, with the order and necessary preparation and other expert opinions and projects 3. Preparation of technical specifications for connection to all the demanding communications with provision of necessary facilities (electricity, heat, water, sewer, gas, communications). 4. The question of removal of foreign communications networks evolved from the area to give them ownership of all of the necessary technical specifications and other documentation. 5. The order and conduct of a land survey of the site, ensuring observance of nature borders, staffing, all the necessary legal documentation of land use and its transfer to the Land Board for registration in the Unified State Register of Lands (EGRZ), statement of cadastral registration. Based on the entire set of documents collected by the initiation of the final decision on granting a lease of land, preparation and organization of the signing of the lease.. 6. Registration of the right of lease in the Department of Justice for state registration of the rights to real estate and transactions with it.
V	Management of design and construction Term of realization of Phase V: - Implementation of design work - 6 months; - construction - 30 months.	Selection of the contractor from among the organizations involved in geodetic and geological surveys. Selection of a contractor from among the organizations involved in the design Obtaining a building permit. Selection of organizations of suppliers of materials and construction contractors for various types of construction work. Maintenance work surveying, design, construction and other contractors on the contracts, included. Obtaining permits and approvals for the connection of communications: electricity, water, heat, communication lines, natural gas, as well as contracts for their design and construction. Organize and direct involvement in the conduct of labor and the state commissions, maintenance and full maintenance process commissioning.
VI	Registration of the proprietary rights to the land. Term of implementation of Phase VI - 1.5 months

Video Tour of the Finished Project

Reviews

David Geovanis Managing Director of a property management company «LR Russia Hotel Development»

Our company - London & Regional Properties Ltd is one of the leading private companies in the world, investing in real estate. The company's assets are more $10 billion. Since 2006 we invested more than $500 million in the Russian real estates.

We highly recommend IC & M as a reliable partner and express our gratitude for their assistance in the project to build the hotel "DoubleTree by Hilton" and business center in Novosibirsk since the beginning of its development until the end of construction. Despite the fact that IC & M had no experience before in building hotels, the company was able to bring this very difficult project to life, showing high quality work. We risked, beginning cooperation with this company, but in the end were very pleased with result of the work that IC & M completed for us.

IC & M - is a team of the professionals possessing high moral principles. They solved for us a number of complex issues. There obligations were always carried out and always on time.

In Russia, we are not so willing to enter into partnerships with local companies, but we will definitely make an exception for the IC & M.