LSR acquired Azurny Bereg LLC registered in Sochi, according to the data of the Unified State Register of Legal Entities. Transaction allowed to obtain the rights to improve the beach strip near the sanatorium Volna and boarding house Kristall, which LSR acquired in 2021. Company plans to invest about ₽25 billion in the reconstruction of the facilities, creating a single hotel complex with 700 rooms. Completion of the works is scheduled for 2024.