Financing of hotel development projects in the context of the modern monetary policy of the Bank of Russia

During 2024 borrowed capital has become more expensive than the generated marginality of hotel projects; financial resources at a rate of 3–5% required for successful hotel investment projects are currently unavailable; in the first quarter of 2025 the key rate of the Central Bank of the Russian Federation was 21.0%; the forecast for 2025 is to maintain the current value of the key rate or slightly lower it. The article is about how to finance hotel projects with low profit. It doesn't talk about getting money from selling rooms like in Russian Federal law No. 214 dated December 30, 2004.This article is for developers who want to make a hotel and need to know how to get money for it.