Business news from Ukraine

Cabinet of Ministers plans to sell Kyiv’s Hotel Ukraina for UAH 1 bln

25 April , 2024  

The Cabinet of Ministers of Ukraine has included Hotel Ukraina in the list of large-scale privatization targets.

The relevant order was published on the government’s website.

As reported, the State Property Fund plans to hold an auction for the privatization of the Ukraina Hotel in late summer 2024. The property is estimated at UAH 1.039 billion (excluding VAT).

The capital’s Ukraina Hotel is a state-owned enterprise managed by the SPF. It has 363 rooms, six conference halls and meeting rooms. There is a parking lot for 80 cars and a shelter with a separate auditorium for 50 people. The hotel’s debt is currently over UAH 45 million.