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$220M hotel, trade center planned in 'worldly' deal.

For the first time since the Eastern Bloc countries became the new Commonwealth of Independent States, and after one year in negotiation, a $220 million international development deal for Lviv, Ukraine has been struck.

In a unanimous decision, The Executive Council of the City of Lviv, approved the development of the 1.5 million-square-foot, Lviv International Hotel and Trade Center.

The 30-story project, consisting of a 500-room, five-star hotel; a 150,000-square-foot convention center; a 350,000- square-foot office complex; and 700 residential condominiums serviced by 50,000-square-foot of retail facilities, is scheduled to commence late 1992 with completion set for the end of 1995.

The project was awarded to Country Squire International Corporation, a Canadian company, who in partnership with McIntosh Alliance International Hotel Development, Inc. of Washington, D.C., will own and operate the facility.

Architectural design services are being provided by Ruszczak Design Associates of Toronto, Canada as well as by Di Leonardo International of Providence, Rhode Island, and construction services are being provided by PCL Construction Inc., Canada's largest construction company.
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Title Annotation:$220 million project to be built in Lviv, Ukraine
Publication:Real Estate Weekly
Date:Sep 30, 1992
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