Rus News Journal

Hotel sale the Astoria

the Astoria will sell parts
  hotel Sale the Astoria

the Astoria will sell parts

Buyers while are unknown
Committee on management of property of St.-Petersburg and city fund of property declared intention to sell a state block of shares of actions of Open Society the Hotel complex ` the Astoria ` . In total in private hands 60 % of actions of a hotel complex will be transferred. The well-known hotel takes place in two buildings which are monuments of federal value, - the Astoria And Angletere - also it is considered the most attractive object for investments into hotel business of St.-Petersburg.

some years ago in buildings of a hotel complex major repairs (costing about $40 million budgetary funds), and now have been made, according to Alexander Krasnenkova`s general operating complex, the Astoria needs only additional re-equipment of numbers - tile replacement, sanitary technicians and etc.
Privatization of such objects usually does not pass in Russia without secret arrangements. However in this case to find common language with any one serious investor, on - visible, it was not possible. The state block of shares of actions (about 60 %) is broken into three parts (25 %, 20 % and 15 %) and will be on sale in three stages.

on the first investment competition (it will be spent on September, 17th in the form of the closed tender) the package in 4416 actions is exposed. The price - 19,872 mlrd rbl. The minimum volume of investments - $7 million

it is possible, the city authorities and a hotel management now simply are not interested in that control over hotel concentrated in hands of one owner. According to Alexander Krasnenkova, interest to the auctions already showed both domestic, and the foreign companies. However who exactly will take part in competition while it is not known.
As it was possible to learn to the correspondent the Businessman - Daily the Astoria can become the first step in city campaign for sale of hotels. The city applying for a rank of tourist capital of Russia, has decided to release completely itself from cares under the maintenance of a hotel economy and now prepares for sale share holdings of almost all largest hotels belonging to it, among which Moscow Baltic and October .