Support The Moscow Times!

Hotel National Sold

Smart Finance Group obtained ownership of the National hotel at an auction held late last week by the Moscow Mayor's Office, Interfax reported.

The company was representing the interests of Sait-Salam Gutseriyev, banker Mikhail Shishkhanov said in a statement.

The 100 percent share package in the National was sold for 4.67 billion rubles ($150 million). The starting price of the package was 4.58 billion rubles. The National is one of the oldest hotels in Moscow. It was completely reconstructed and renovated in 2009 and currently has 201 rooms, including 56 suites.

The property of the National also includes a unique collection of furniture and works of art from the Tsarskoye Selo and Anichkov palaces that belonged to the Russian royal family.

(MT)

Read more

Independent journalism isn’t dead. You can help keep it alive.

The Moscow Times’ team of journalists has been first with the big stories on the coronavirus crisis in Russia since day one. Our exclusives and on-the-ground reporting are being read and shared by many high-profile journalists.

We wouldn’t be able to produce this crucial journalism without the support of our loyal readers. Please consider making a donation to The Moscow Times to help us continue covering this historic time in the world’s largest country.