State-owned Oschadbank (Kyiv) has put the Ramada Encore hotel and the Europa business center up for sale through the OpenMarket (SE “SETAM”) the Ramada Encore hotel and the Europa business center under a financial leasing procedure, setting the initial value of the capital property at over UAH 797 million.
The bank’s statement notes that the administrative and hotel complex with a total area of 39,590 square meters and a two-level parking lot of 17,500 square meters is being auctioned off under financial leasing terms. The property includes a 22-story four-star Ramada Encore hotel and the Europa business center.
The hotel has 332 rooms and 58 apartments, and its infrastructure includes a conference center of over 4,000 square meters with 20 conference rooms, a two-level parking lot, fitness centers, and restaurants.
The property is located in Kyiv on Stolychne Shosse, 103, at the intersection of three major highways in the direction of Obukhiv and Koncha-Zaspa, which ensures high traffic and accessibility.
According to the terms of the auction, the starting price of the financial lease property is UAH 797.7 million.
The winner of the auction will be determined by the highest bid for the amount of the first lease payment, which participants will submit during the auction. The bid increment is UAH 1 million.
The term of the financial lease is 10 years (120 months), with a schedule of subsequent payments specified in the lot documentation. The lessor’s remuneration is 8.59% per annum, calculated on the outstanding balance. To participate in the auction, a guarantee payment of UAH 10 million must be made.
The auction is scheduled for August 19, 2025.
As reported, Wyndham Hotel Group (WHG) opened its largest four-star hotel under the Ramada Encore brand in June 2012 as part of the Stolychny multifunctional complex (formerly Domosfera) at 103 Stolychne Shosse in the Holosiivskyi district of Kyiv.
In March 2024, Oschadbank put up for sale through the Atmosfera shopping and entertainment center’s electronic trading system the Ramada Encore Kyiv hotel in the capital, 11 land plots in Kozin (Kyiv region), and a monetary claim against Niteo Company LLC for UAH 1.79 billion.
According to Opendatabot, the owner of Niteko Company LLC is FC NJ Management LLC, and the ultimate beneficiary is Dmytro Buryak.
