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Kyiv-based Reikartz Hotel Management, which operates a hotel chain under the Reikartz Hotels&Resorts brand, will open three new hotels in Ukraine this year- in Dnipropetrovsk, Pochayiv (Ternopil region), and Lviv, thus bringing the overall number of the chain's hotels to nine with 600 rooms in total.

As the company said in a press release, Reikartz Dnipropetrovsk, located in Chervona Street, will have 80 rooms, Reikartz Pochayiv, located close to the Holy Dormition Pochayiv Lavra monastery, will have 70 rooms, and Reikartz Center Lviv, located close to the city's Market Square, will have 23 rooms, with possible extension to 70 rooms.

As reported, Reikartz Hotel Management is intending to expand its three- and four-star hotel chain to 20-25 hotels in Ukraine by 2015. Investment into the chain's expansion in 2009 and 2010 will exceed $20 million.

Reikartz was created in 2003 by three Belgian architects to invest into the purchase and reconstruction of a house in Drukarska Street in Lviv and to sell it for housing.

In 2007, the building was bought by Estonian investors and the development of the Reikartz hotel chain started. Francois Ryckaerts is a member of the company's board of directors.

At present, the chain includes six hotels: Reikartz Karpaty (Zdenieve, Lviv region), Reikartz Dvorzhets Lviv (Lviv), Reikartz Kirovohrad (former London Hotel in Kirovohrad), Reikartz Poliana (the village of Poliana in Transcarpathia) and Reikartz River Mykolaiv (Mykolaiv); as well as one under the management of Atlantica in Sevastopol.