In 2003, the Belgian architects Francois Ryckaerts and partners bought a building on Drukarskaya Street in Lviv, Western Ukraine. Meanwhile, an Estonian group invested in the Ukrainian hospitality market by acquiring an on-going hotel project in the village Zhdeniyevo in the Carpathian Mountains. When Francois Ryckaerts and partners sold their building to the Estonian group, Reikartz Hotels & Resorts were created and Francois joined the company as Chief Architect and Member of Board.

Reikartz Hotels & Resorts opened the first hotel, Reikartz Carpaty, in Zhdeniyevo in December 2008 in the Transcarpathian region of the Carpathian Mountains. This region is an important tourist and travel destination housing many ski and spa resorts. Subsequently, Reikartz Hotels & Resorts acquired a hotel in the nearby spa resort Polyana, renowned for its climate, medical plants and the mineral water Polyana Kvasova.

Reikartz Hotels & Resorts continued its rapid expansion during 2009 and in August took over the management and upgraded one of the best business hotels in Kirovograd, today called Reikartz Kirovograd. In Lviv, a business hotel with stylish and elegant interior, Reikartz Dworzec, opened in December. Following a thorough renovation, and up grading of the health and fitness facilities, Reikartz Polyana also welcomed its first guests in December.

Reikartz Hotels & Resorts continues its rapid growth and in April 2010 announced the opening of Reikartz River Mykolaiv. This business and leisure hotel is peacefully located in the historical center of Mykolaiv, on the bank of the river Dnieper. Currently, Reikartz Hotels & Resorts is in the final phase of building a new hotel in Dnipropetrovsk and of refurbishing a business hotel in the very heart of ancient Lviv.

The strategy of Reikartz Hotels & Resorts is to open twenty more hotels conforming to European Standards during the coming five years. Hotels will be located in the largest cities and the most visited tourist resorts of Ukraine. Our goal is to make Reikartz Hotels & Resorts the preferred provider of quality accommodations for business and leisure travel in Ukraine.