Business news from Ukraine

AMC ALLOWS MARRIOTT TO MANAGE KYIV HOTEL ALOFT

21 February , 2018  

The Antimonopoly Committee of Ukraine (AMC) has permitted International Hotel Licensing Company S.à r.l (Bertrange, Luxembourg), a subsidiary of the international hotel operator Marriott International, to indirectly manage the first Aloft brand hotel in Ukraine.
According to the AMC, the Aloft hotel belongs under the terms of lease to Solelat Palace LLC (Kyiv).
According to the unified state register, Solelat Palace LLC was established on June 22, 2017. Its core business is real estate management.
The only owner of the company is Volodymyr Kravets.
The charter capital of the company is UAH 500,000.
As reported, in early 2018 Marriott International postponed the opening of the first hotel under the Aloft brand in Ukraine from February 15 to May 1, 2018. The hotel has 310 rooms.
Marriott International unites more than 6,000 hotels under 30 brands in 122 countries. The central office is located in Bethesda (the suburb of Washington, the United States). The company’s revenues in 2016 exceeded $17 billion.
Some 250 hotels operate under the Aloft brand in the countries of America, Asia, Europe, the Middle East, and the Caribbean.