Services

The hotel has 70 rooms, namely, standard rooms - 50, suite rooms - 20

Project

The project includes the construction of a hotel, an aqua park and infrastructure improvements in Ust-Kamenogorsk and the village. The new Bukhtarma in the Altai region of Eastern Kazakhstan. The facilities will be built on plots of land covering 17 hectares and 10 hectares respectively. Recreational area near the village. The new Bukhtarma is located 90 km from the regional centre. The tourist complex will have hotel rooms and cottages, a restaurant, a swimming pool, a sauna, a water park, a games room and sports grounds. It is planned to organise seasonal ethnic tours, horse riding and skiing, snowmobile tours, etc. for visitors. It is planned to attract international hotel chain operators to implement the project. 

A visit to a well-serviced water park will successfully replace tiresome trips to natural reservoirs and will be considered not only as a unique architectural object, a place for family holidays, but also as a major business project.

Initiator

The project was initiated by the Akimat of the East Kazakhstan region. 

Market

• In the period 2016-2019, the average annual growth rate was 12.7%, and in 2020, the number of domestic tourists exceeded the number of outbound tourists by two times. In 2016-2019, the number of incoming tourists grew steadily, with an average annual growth rate of 9.4% over the period. Moreover, the number of countries whose citizens can enter Kazakhstan without a visa is increasing every year.
• In 2020, the expenditure of Kazakhstanis on domestic and outbound tourism amounted to about 397 billion tenge. About 291 billion tenge (73%) of these expenditures were spent within the Republic of Kazakhstan.

Investment attractiveness of the project:

The amount of investments – 3 561 mln. tenge

NPV – 1 470 mln. tenge

IRR – 20,1 % 

EBITDA yield – 55.4% 

Payback period – 6.9 years

Discounted payback period – 11.44 years

What is the attractiveness of the project?

• A unique offer. In addition to the hotel business, the project takes into account the modern product trends of "adventure" and leisure tourism. 
• Year-round offer and absence of major competitors in the region. An attractive location for a year-round offer, including hotel accommodation, therapeutic recreation, surfing, etc. 
• An emerging trend for unique and authentic travel. Millennials, who make up around 29% of international tourists, prefer to visit authentic places. 
• The country's unique location. Kazakhstan is geographically close to countries with a high level of international tourism, which makes it possible to increase the level of inbound tourism from these countries. The location is within 7-10 hours drive from major Kazakh and Russian cities.

Investment proposal

The project requires financing in the amount of 3 561 mln. tenge, of which

- 70% (2 492 mln. tenge) - debt financing (if security is available);

- 30% (1 068 mln. tenge) - investor equity. 

The proposed financing structure and government support measures are indicative, the final structure of financing and participation in the project will be determined based on the results of joint negotiations with the investor. Investment structure: 

- 0.3% (8 969 thousand tenge) - machinery and equipment; 

- 99.7% (3 552 mln. tenge) - buildings and structures.