In January biddings will be held for the sale of two hotel complexes in Vladivostok

On 25th of January, 2019 the Auction House of the Russian Federation will hold the biddings on behalf of the Far Eastern Investment Group JSC (a former the “Our House – Primorye” (“Our House – Maritime Region” OJSC).
For sale as two lots are offered the hotel complexes (the former Hyatt) in the Gold Horn Bay and on the Burny Cape. The both objects have high degree of readiness.

Lot № 1 – multi-purpose complex of premium class in the Gold Horn Bay (degree of readiness is 60%).
Address: 10, Korabel’naya Embankment, Vladivostok.
The building area – 6.1 thousand sq. m, area of the land plots – 1.5 ha.
In accordance with the initial project, a hotel for 222 rooms of various categories, two restaurants, bar, lobby-lounge, 3 meeting halls and 4 conference halls are provided in the building.

The starting price – 8.3 billion rubles.
MINIMUM price – 5.5 billion rubles.

Lot № 2 – multi-purpose hotel of premium class with a SPA complex on the Burny Cape.
Address: 13, Naberezhnaya Str., Vladivostok.
The complex includes:
- a 14-story building for 218 rooms of various categories, as well as business (banquet and conference halls, meeting rooms and others) and restaurant zones. The building total area – 36.4 thousand sq. m.
- a separate building of the SPA complex with an area of 10.2 thousand sq. m.
Along with the hotel complex a buyer will get the right to rent two land plots with a total area of 31.2 thousand sq. m.

The starting price – 7 billion rubles.
MINIMUM price – 4.9 billion rubles.

“One of the key advantages of these hotels is multi-functionality. In spite of the fact, that initially the hotels were built for the Asia Pacific Economic Cooperation Summit, their design provided also a recreational function. All infrastructure was planned for providing high level services for both business delegations and those, who come to rest. This fact is very important, as it allows maximum attraction of new customers.
The both hotels have excellent view characteristics, which certainly will allow them to become the places of attraction for all guests of Vladivostok”,thinks Olga Zheludkova, Head of Department for Work with Troubled and Non-Core Assets of Banks.