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Tax benefits are promised to the hotel Investors in St. Petersburg

05.02.2016

Tax benefits are promised to the hotel Investors in St. Petersburg

The administration of the Northern capital is drafting a bill on granting tax privileges to the investors who will invest in the designing and construction of hotels of category 3* and 4* and objects of the congress-exhibition infrastructure.

Tax benefits for up to five years on property tax will be granted to those companies that invest in these objects at least 100 million rubles for three years in a row. As for hotels, the tax exemption is valid for hotels that include 50 rooms and more, the Chairman of the Committee for Tourism Development of St. Petersburg Inna Shalyto informs.

According to her, the city continues to work on attracting international hotel chains. Thus, the opening of the first in St. Petersburg hotel of Hilton chain is expected this year. Moreover, a property of a South Korean hotel chain Lotte Hotels & Resorts is currently under construction. Apart from that, the opening of the first hotel in Russia of the international chain Jumeirah is scheduled for the next years.
 

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