Cosmos Hotel Group and the Republic of Tyva will develop tourism infrastructure

St. Petersburg – Within the framework of the XXVII St. Petersburg International Economic Forum, Cosmos Hotel Group, the largest Russian hotel operator, and the Government of the Republic of Tyva signed an agreement on the implementation of a tourism project in the city of Kyzyl.

The document was signed by the president of Cosmos Hotel Group Alexander Biba and the head of the Republic of Tyva Vladislav Khovalyg.

Within the framework of cooperation, the parties intend to implement a project for the construction of a 3* hotel complex in the city of Kyzyl. The complex will become part of the tourist infrastructure of the new Buddhist monastery "Tubten Shedrub Ling" - the largest in Russia. As the head of the Republic of Tyva Vladislav Khovalyg noted, the monastery built just a year ago has become one of the main attractions of the region and a point of attraction for tourists.

Cosmos Hotel Group is the largest hotel operator in Russia, whose brand was created in 2018. The company's portfolio includes 36 hotels exclusively of categories from 3* (city hotels) to 5*

Cosmos Hotel Group carries out operational asset management with a room fund of about 10 thousand units. By the end of 2023, the revenue of Cosmos Hotel Group showed an increase of 2.4 times to 12 billion rubles against the background of a twofold increase in the number of rooms, the OIBDA indicator increased 3.8 times compared to a year earlier - to 4.1 billion rubles.