Kyiv hotel "Ukraine" was valued at over one billion hryvnias by the State Property Fund of Ukraine (SPFU). The auction for its privatization is planned to be held at the end of summer.
This was reported by the head of SPFU Vitaliy Koval.
"We have already completed the evaluation procedure of the hotel — it is UAH 1.039 billion without VAT. We are currently preparing for the auction, which we are planning at the end of the summer — maybe we will even go into the 3rd quarter," noted the head of SPFU.
He added that now the hotel is functioning better than a year ago. This is explained by the greater number of guests and conferences — at least 15 of them are held per month. The head of the State Property Fund said that the hotel will be presented to foreign operators. They are interested in him and "viewed as a top five prospect", although he currently has 4 stars.
Hotel "Ukraine" has 6 conference halls, meeting rooms, parking, a fund of 363 rooms. During martial law, it was unfilled and accumulated more than UAH 45 million in debt. On January 19, 2024, SPFU announced the privatization of the facility
This year, the State Property Fund should ensure the receipt of UAH 4 billion to the state budget.
