Ukrainian businessman acquires Hotel Ukraine from the Ukrainian State
Ukrainian businessman Maksym Krippa has acquired the four-star, 363-room Hotel Ukraine in Kyiv, Ukraine, from the Ukrainian State, via its State Property Fund of Ukraine, for approximately UAH 2.5 billion (UAH 6.8 million per room) which is equivalent to approximately €54.3 million (€149,600 per room). The hotel has been state-owned since its construction in 1961 and overlooks Kyiv’s Independence Square, the city’s main square. The sale of Hotel Ukraine marks a milestone in Ukraine’s ongoing “Great Privatisation” project, aimed at selling large state-owned assets. The privatisation process, paused due to the Russian invasion, resumed this month as part of efforts to revitalise the economy. In 2023, Krippa also acquired the 34-floor Parus skyscraper in downtown Kyiv.
Bespoke acquires four regional UK hotels from the Coast & Country Hotel Collection
British hotel company Bespoke Hotels has entered an agreement to acquire ownership of four regional UK hotels from the Coast & Country Hotel Collection, which Bespoke Hotels already manages. Three of the four hotels are located in Scotland, and the fourth in Wales. The Scottish hotels are the three-star, 83-room Caledonian Hotel in Fort Williams, the three-star, 72-room Great Western Hotel in Oban, and the three-star, 73-room Pitlochry Hydro Hotel. The three-star, 114-room Marine Hotel is situated in the seaside town of Llandudno in Wales. With a collection of over 100 hotels, Bespoke is one of the UK’s largest independent hotel groups.
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