GORO Development has sold over 50% of the rooms in the first hotel of the GORO Mountain Resort in 5 months. 25% of them were purchased by IT people.
GORO Development has sold over 50% of the rooms in the first hotel of the GORO Mountain Resort in 5 months. 25% of them were purchased by IT people.
As of early August, the company had sold 103 rooms, more than half of the room stock of the first hotel in the ONDE Hotel complex. The open investment launch took place in March 2025.
«Representatives of very different fields invest in our hotels — IT, agriculture, manufacturing, finance, real estate. Over 90% of our investors enter the project with the expectation of long-term participation, that is, they plan to stay in it even after construction is completed in order to receive stable income from the hotel’s operation,» notes Volodymyr Garazd, CEO of GORO Development.
As the company informed dev.ua, among external investors, the most active are representatives of the IT sphere, the agricultural sector, the real estate and construction market, as well as energy, finance and production. The number of requests from Ukrainians living abroad and experienced private investors with diversified portfolios is also growing significantly.
By geography of origin of investors, Kyiv and Lviv hold the lead (33.3% each), followed by Dnipro (5.6%), Zhytomyr and Vinnytsia (3.7% each). There is also active interest in the project from Ukrainians living abroad.
People from Aitutaki usually invest in the stock market, startups, and real estate — and more and more recently, they have been interested in profitable hotel real estate as a clear and predictable instrument.
At GORO Mountain Resort, over 90% of investors do not plan to sell the asset before construction is completed, but view it as a source of stable income in the future. In fact, the investor becomes a co-owner of the hotel business: he receives income not only from the growth in the value of the asset, but also a share of the operating profit — proportional to the number of square meters purchased.
The first and largest of the three hotels in the ONDE complex is currently under construction, with a total of 429 rooms, 197 of which are in the first hotel. Completion and launch of the complex are scheduled for summer 2028.
As of early August 2025, more than 50 private investors have already invested in the project. The largest share is accounted for by representatives of the IT and communications sector (25%). In second place are investors from the agro, real estate and construction, as well as the financial sector (10% each). Defense tech and manufacturing shared third place (6.7% each). The energy and automotive sectors (5% each), law (4%), and retail, education, and logistics (3.3% each) are also significantly represented.
In the first 4 months after the start of sales, the cost of rooms at GORO Mountain Resort increased by 5,7% — which corresponds to a rate of 17,1% per annum. According to GORO Development’s analytics, the expected return on investment for the entire implementation period may exceed 57%, which is higher than the initially planned capitalization growth of 51%. The projected average return on a hotel room after the launch of the complex is 10% per annum.
At the initial stage of sales, the greatest demand was for one-room apartments, as well as apartments with a separate bedroom — as a universal solution for passive income and personal relaxation. These two formats provided the main share of sales, as a result of which their price increased by 14%, which is 2.5 times higher than the average increase in the complex.
OKKO Group began construction of the large-scale recreational project GORO Mountain Resort in October 2024. Within the first phase, covering an area of 127 hectares, 9 hotels with 1,100 rooms will be built. In addition to five hotel complexes, there are 10 ski slopes with a length of 13 km with 50 hectares of snow, a gondola lift with a length of 2.8 km and two chairlifts with a length of 1.5 km. It will provide the opportunity for 10 thousand skiers to ski simultaneously.
The investment and development company GORO Development, founded in 2021, is engaged in the sale of the resort’s hotel real estate and attracting investments.
