×
Enjoying ad-free content?
Since July 1, 2024, we have disabled all ads to improve your reading experience.
This commitment costs us $10,000 a month. Your support can help us fill the gap.
Support us
Our journalism is banned in Russia. We need your help to keep providing you with the truth.

Hotels Prices During Sochi Olympics to Be Capped at $160 to $240

During the 2014 Winter Olympics in Sochi a three-star hotel room will cost $160 per night and a four-star room $240 per night, organizing committee president Dmitry Chernyshenko said Sunday, RIA-Novosti reported.

He said these are below-market prices but that investors are "meeting [the government] halfway."

"In principle, these are not market prices — we understand that. But investors are meeting [the government] halfway; these are contractual obligations, and investors already took on these obligations taking into account the fact that the government made very large investments in infrastructure," Chernyshenko said during a meeting of the Sochi coordinating committee with President Dmitry Medvedev.

Chernyshenko said there will be 41,000 hotel rooms for the Sochi winter games, 20,000 of which will be in newly built three- to five-star hotels. The Black Sea resort city had just 1,700 high-quality rooms in 2007.

The government has launched an ambitious development plan for Sochi in preparation for the Winter Olympics, hoping to turn the city into an attractive resort with developed infrastructure.

… we have a small favor to ask. As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

Once
Monthly
Annual
Continue
paiment methods
Not ready to support today?
Remind me later.

Read more