The AHRF made a transaction of the year! The former hotel complexes (the former Hyatt) in Vladivostok were sold

On 15th April the Auction House of the Russian Federation (AHRF) summarized the results of the sale of the hotel complexes in Vladivostok – the unfinished hotels in the Gold Horn Bay and on the Burny Cape. The sale was held on behalf of the Far Eastern Investment Group JSC (the former Our Home – Primorye OJSC).
The hotels were offered for sale as separate lots.

Two applications were submitted for participation in the auction. However, one of the participants was not admitted to participation in the auction, as he did not make any deposits in due time.
As a result, the Burduguz Park-Hotel LLC was recognized as a Buyer of the both lots.

Lot № 1 – the hotel on the Burny Cape.
Address: 13, Naberezhnaya Str., Vladivostok.
The Lot includes:
• a 14-storey hotel building with an area of 36.4 thousand sq. m.
• a building of SPA complex with an area of 10.2 thousand sq. m.
Together with the hotel complex the right to rent two land plots with a total area of 31.2 thousand sq. m will be transferred to the Buyer.
Sale price – 2.1 billion rubles.

Lot № 2 – the hotel in the Gold Horn Bay.
Address: 10, Korabelnaya Naberezhnaya Str., Vladivostok.
The Lot includes:
• a building with the area of 6.1 thousand sq. m. (degree of readiness – 60%)
• a land plot with an area of 1.5 ha.
Sale price – 1.6 billion rubles.

“We can safely say that today a historic event took place. Sale of the hotel complexes is one of the most long-expected transactions in the Far East region and one of the most important transactions for the Auction House of the Russian Federation. We have been on our way to this sale for a long time. I would like to note that the transaction was made due to the will and comprehensive support of Yuriy Trutnev, Deputy Chairman of the Government of the Russian Federation, Authorized Representative of the President of the Russian Federation in the Far Eastern Federal District.
We are confident that the investor will use all advantages of the objects and create here modern hotel complexes, which will become the centers of attraction for the guests of Vladivostok, will contribute to the development of the business climate and tourism business of the Far East!”, says Andrey Stepanenko, General Director of the Auction House of the Russian Federation.