"Railwaymen" will manage the resort hotels

OAO Russian Railways has established a subsidiary, which is expected to specialize in resort real estate properties owned by the company.

Under the decision of the Board Railways, a subsidiary will give 69 spa facilities, number of rooms with a total equal to 8 500 people.

As the company believes the decision on the allocation of "resort" destinations in a separate business would reduce the economic and social aspects of the spa complex Railways, creating an effective system to manage the non-core asset. However, this money had to prevent the implementation of social programs for employees of the corporation, said Realty.lenta.ru.

Topic: "Railwaymen", OAO