Russia Faces Hurdles In Shedding Sochi Hotels Post-Olympics

Law360, New York (February 10, 2014, 6:17 PM EST) -- An anticipated post-Olympics sell-off of Sochi hotels will offer a ripe opportunity for hungry international hotel investors, but Russia-owned banks with stakes in the properties will first have to overcome recent problems with unfinished properties and concerns about over-saturation, experts say.

Sochi's hotel market has taken a major image hit in the run-up to the Olympics, with several tourists arriving to find partially finished accommodations. Between the bad press and concerns that the city won't be able to command the kinds of tourism numbers that its...
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