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For the first time, private investors can collaborate with OKKO Group to develop the hotel infrastructure of the large-scale, all-season mountain resort.
The resort's first hotel, featuring 197 rooms and a total area of 7,766 square meters, is currently open for public investment. Notably, 15% of the investment lots were already sold during a closed pre-sale phase over the past three months. This hotel is part of the resort’s first hotel complex, consisting of three designer hotels offering 415 rooms. Construction began in February 2025.
OKKO Group is leveraging the internationally recognised Resort Hotel Rooms As Investment business model. This approach allows investors to own an individual unit in a designer hotel at a mountain resort, benefiting from professional management, asset appreciation, and income from the hotel’s operational activities.
“Investing in the hotel business of GORO Mountain Resort is not just about financial returns. It’s also an impact investment that contributes to Ukraine’s development. GORO is driving large-scale transformation, and private investors are becoming part of this journey. Together, we are creating new jobs, enhancing infrastructure, and strengthening the regional economy. Additionally, we are boosting the hospitality sector and increasing Ukraine’s appeal as a global tourist destination. GORO opens new opportunities for positioning the Lviv Carpathians as a world-class tourist destination in Europe,” explains Vasyl Danyliak, Co-founder of GORO Mountain Resort and CEO of OKKO Group.
The total investment in GORO Mountain Resort is projected at $1.5 billion. OKKO Group plans to contribute $500 million through its own funds and loans, while the remaining $1 billion will be raised from external investors.
How Does the Investment Model in GORO Mountain Resort Work?
Private investors can expect long-term asset appreciation over time, driven by three key factors:
Primary Capitalisation – The increase in room value from the start of construction to the hotel’s launch. A projected capital appreciation of up to 51.1% is expected before the hotel begins operations.
Operational Profit – A share of the revenue generated from renting out hotel rooms after deducting operating costs and the hotel operator’s commission. The projected operational profit is up to 35% of the total room revenue.
Secondary Capitalisation – The rise in the value of an operational hotel business, driven by growing resort popularity, increasing occupancy rates, and strengthening the complex’s reputation. A 20% increase in secondary capitalisation is expected within five years of the project’s operation.
The resort’s all-seasons format guarantees high occupancy levels bolstered by attractions and services that sustain a steady stream of visitors throughout the year, enabling GORO to bypass seasonal fluctuations.
GORO Development fully supports investors at every stage, managing hotel assets and facilitating resale or reinvestment in future hotel projects within the resort. The projected return on investment (ROI) exceeds 10% annually, based on conservative calculations and objective industry benchmarks rather than overly optimistic scenarios.
About GORO Mountain Resort
In October 2024, the OKKO Group launched the construction of GORO Mountain Resort, a large-scale recreational project covering nearly 1,200 hectares. 360 hectares are allocated for mountain and ski infrastructure, while over 800 hectares are designated for hotel, commercial, and recreational developments. Over the next 15 years, the resort will feature 25 hotels with a total of 5,150 rooms, 41 ski trails stretching across 75 km with 342 hectares of artificial snow coverage, two modern gondola lifts, 11 chairlifts, and Welcome and Mountain Centres to enhance the visitor experience.
The first phase of GORO’s development covers 127 hectares near the village of Volosyanka, located just 5 km from Slavske in the Lviv region. This phase will introduce 10 ski trails totaling 13 km, with 50 hectares of artificial snow coverage, alongside Ukraine’s longest gondola lift spanning 2.8 km and two state-of-the-art chairlifts, each measuring 1.5 km. To support key ski infrastructure facilities, the project has secured a 10-year long-term loan from PUMB, funding the construction of a Welcome Centre, the lower gondola station, and a multi-level parking complex already under development.
Hotel construction at GORO Mountain Resort began mid-February 2025, with the first hotel complex covering 48,000 square meters. This development includes three designer hotels with 415 rooms and dedicates 13,000 square meters to commercial and entertainment facilities. As part of the first development phase, this hotel complex is one of five planned within the resort. Ultimately, it will form a hospitality hub with nine hotels offering more than 1,100 rooms complemented by spa facilities, swimming pools, restaurants, family-friendly spaces, and business zones.
GORO Development, an investment and development company within OKKO Group, manages the investment and development of hotel real estate within the resort. The company is responsible for architectural concepts, construction, recreational and functional planning, and attracting investments in the hotel business. The first development phase is projected to be completed in 2028–2029.
As the sole owner, primary investor, master developer, builder, and operator of GORO Mountain Resort, OKKO Group is committed to ensuring a harmonious and integrated all-season recreational project. To achieve an internationally competitive standard, OKKO Group has partnered with leading Austrian experts, including PKF Hospitality for investment analysis and concept development, ILF Group for master planning and ski infrastructure design, and Doppelmayr/Garaventa Gruppe for lift and cable car system engineering. With cutting-edge infrastructure and world-class expertise, GORO Mountain Resort is set to transform the Lviv Carpathians into a leading international tourism destination.
agency