The auction for the sale of 100% of the shares of the President, scheduled for July 25, 2017, not held due to lack of buyers. About it reports Vedomosti privatization, the official publication of the state property Fund of Ukraine.
The stake was valued at 323,142 million UAH. on the auction it was announced on June 21.
See also: Who and why blocks the privatization of the President Hotel
The intention of the state to sell President hotel, it was announced in 2013, November 25, 2015, the state property Fund has exposed on sale of 100% of the shares of the President hotel with a starting price of 330,1 million. The district administrative court of Kyiv issued a decree banning the privatization of state-owned shares of the company at the suit of the construction company of the Quadras, which is a tenant of the hotel.
President Hotel is located in the centre of Kiev and was established in 1990 In 2006-2012 was reconstructed. 374 hotel accommodation quality 4 star level. The service area is 2.4 ha.