The complex, which houses the Mövenpick Resort & Spa Agoi and Mercure Agoi Resort, will occupy a new beachfront building and feature 280 rooms and 315 branded residences.
The property is expected to open by 2025, according to hotelnewsresource.com.
Agoi is a resort village located at the mouth of the river at the southern foot of the main Caucasus mountain range, just 6 km from Tuapse.
The dual branded hotel will include several swimming pools, fitness centers, bars and restaurants, as well as conference rooms for corporate and private events, and a medical center.
The exclusive Mövenpick Resort & Spa Agoi will offer accommodation in 120 rooms ranging from standard double rooms to luxury suites, decorated in the signature style of the elegant and luxurious Mövenpick brand.
The spa will offer guests a wide range of treatments, including individually designed programs for body revitalization and relaxation. Mövenpick remains true to its Swiss heritage and rich culinary legacy, being a place where guests can appreciate life's little pleasures through moments of true indulgence.