The main idea of the project is to reconstruct the hotel in a modern hotel complex, which provides a full range of services for accommodating guests in a large area of a comfortable hotel and holding large-scale business forums and conferences in one location. The project implementation consists of three successive stages:
Stage - 1 (required). Reconstruction of the existing building and construction of new premises: a multi-world lobby, meeting rooms, a fitness center, a swimming pool and banquet rooms;
Stage - 2 (recommended). Construction of the Congress Hall - premises of 5,828 square meters, which can accommodate large delegations and groups of participants for holding mass events of national importance;
Stage - 3 (recommended). Construction of an octahedral 16-storey block. This stage involves the construction of a block consisting of presidential numbers, luxury rooms for executives and a bar-restaurant on the last 16th floor. The planned area of the octagonal block is 7,700 square meters.
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Project stage info
Stage 1: Initial Government Announcement
Administrative Office of Presidential and Governmental Affairs of the Kyrgyz Republic
Form of project announcement
The Project is initiated by the Administrative Office of Presidential and Governmental Affairs of the Kyrgyz Republic, which invites partners from the private sector to implement the Project on the reconstruction of the "Issyk-Kul" Hotel complex on the terms of a public-private partnership. The state partner provides the land and capital assets as a contribution to the PPP transaction, as well as provides comprehensive support in working with government agencies for the successful implementation of the Project. The contribution in the form of assets is tentatively estimated at 25 million USD.
Indicative timetable of project development
Project has been initiated in Q3 2017.
There are no Project documents available at this time
Project looking for additional PPF assistance
Project looking for additional MDB assistance
Is project multi jurisdictional?
Stage 2: Project Investigation
42 M USD
Indicative Funding Source
Have any external advisors been appointed yet
Details of Advisors appointed
Local consultancy - Tredstone Capital Partners
Is the project contained in national/sub national infrastructure plan or strategy