Sochi Travel Guide
When it comes to the Olympic Games, historically hotels raise rates because of a little something called supply and demand. We witnessed this in London this past summer. For the next Olympics, we might see reasonable rates coming from Sochi hotels during the 2014 Winter Games.
To make event accessible to more people, Dmitry Medvedev, the Russian Prime Minister, has capped the prices of rooms for the host city for next year's Olympics and Paralympics. With just about one year to go and about double the amount of rooms yet to be built, this is welcome news for those who want to join in the wonderment that is the Games.
In the past, hotels have charged as much as 157,000 RUB ($5,139 USD) for a one night stay, the new reduced prices are roughly 30-40% less than room rates during the port city's peak periods. A deluxe suite in a 5-star hotel will be no more than 13,896 RUB ($455 USD per night) and in 4-star properties the price will come in less than 13,148 RUB ($430) per night.
Big news from Starwood today: a new Sheraton hotel is on its way in the Russian Federation. Sochi, a Russian vacation spot along the Black Sea coast that was recently selected to host the 2014 Winter Olympics, will be the home of a brand new Sheraton slated to open in 2011.
The Sheraton Sochi will be the brand's second property in the Russian Federation (there's one in Moscow already), and the hotel will be located at the center of the city with 188 guest rooms, 24 suites, five restaurants and four bars, including a rooftop bar overlooking the Black Sea. Sexy. We hope they're putting in heat lamps up there.
The lobby will, like most new Sheratons, feature the Link@Sheraton hi-tech lounge, plus 5,000 square feet of meeting space, an indoor swimming pool, gym, tennis court, and a spa with eight treatment rooms.
Hopefully the 2011 opening date will give the hotel a little bit of flexibility and wiggle room as far as making sure it's all open and ready to go for the Olympics (hey, three years is a lot of flexibility -- but when it comes to hotel delays, we know things can sometimes move at a glacial pace).