Swissotel Resort Sochi Camellia

History

2025: "Correct solutions" bought "Swissotel Resort Sochi Camellia"

VTB Bank completed the sale of 100% shares in Kamelia Boarding House LLC, which owns and operates the five-star Swissotel Resort Sochi Kamelia Hotel, for ₽10 billion. The winner of the auction was the company "Correct Decisions," the beneficiary of which is Taras Demura, who heads the board of directors of the tour operator FUN&SUN. The transaction was implemented within the framework of the bank's strategy to reduce non-core assets and minimize the burden on capital in the context of changes in regulation. This became known on August 8, 2025.

According to Interfax, the buyer intends to invest in the further development of the hotel asset in order to increase the economic indicators and standards of the services provided. Demura acquired a 75% stake in Correct Solutions in April 2022 and has significant experience in the tourism industry.

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Фото: swissotelsochi.ru

First Deputy Chairman of the Board of VTB Dmitry Pyanov noted the successful implementation of one of the bank's largest non-core assets. According to him, given the experience of the buyer in the field of tourism, the bank is counting on the successful development of the hotel under the new management.

Pyanov announced plans to implement several additional real estate properties by the end of 2025 in accordance with a strategy to reduce non-core assets. These measures will allow the bank to minimize the burden on capital in the face of a change in the regulator.

Swissotel Resort Sochi Camellia is a five-star hotel complex located in the resort city of Sochi. The hotel was built on the site of the former sanatorium Science"" and underwent a large-scale reconstruction to comply with international standards of hotel service.

The reconstruction of the hotel complex was carried out by the Hals-Development company, which is part of the VTB Group. The development company ensured the complete modernization of the facility and its bringing to the standards of a five-star hotel of international level.^[1]

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