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IN SHORT

Russians invest in Slovak hotels

FORTON INT, a company with joint Russian and Slovak capital, plans to invest in the Tatra Mountains. Its plans include the reconstruction of three hotels in the High and Low Tatras and one spa hotel in Eastern Slovakia.

Jozef Ivanič, executive officer of Forton International, said the company wants to reconstruct existing hotels rather than build new ones. Forton Int opened its first three-star hotel in Stará Lesná last month, which represented an overall investment of Sk60 million (€1.6 million). The hotel reached 30 percent occupancy within two weeks, due largely to foreign clientele.

Forton International was established by four Russian business people in the oil industry and the Slovak firm Beormeol Consulting, the Hospodárske noviny wrote.

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