Best Western International, one of the world’s largest hotel chains, announced on June 21 that it had inked a partnership with a Ukrainian company to support its big expansion plans for the country.
Already one of the world’s largest hotel chains with more than 4,000 hotels in 90 countries, Best Western said it decided to “systematically develop” its business in Ukraine by forging a partnership with ArtBuild Hotel Group.
According to a June 21 statement, the Ukrainian company acquired a master development license making it Best Western’s sole partner in Ukraine.
The agreement follows an announcement in February in which a Sevastopol-based hotel became the first in Ukraine to operate under the Best Western brand. Rooms at the Sevastopol hotel start at about $100 per night.
According to new agreement, Artbuild Hotel Group “will provide assessment of all developers & hospitality investment projects seeking to obtain membership into the Best Western hotel family and licensing association.
Artbuild will assist in preparing all necessary paperwork and applications for suitable properties to join Best Western, in addition to due diligence on potential properties, as well as project evaluation in regards to Best Western’s standards and requirements.”
“Moreover Artbuild will develop their own properties under the Best Western brand and provide turn-key fee-development services for investors interested in the hospitality sector in Ukraine,” the statement reads.
