The state enterprise "Ukraine Hotel", which is located in the center of Kyiv on Independence Square, was sold at an auction today for 2.5 billion hryvnias. This amount is more than double the starting price, which was about 1.05 billion hryvnias. The winner of the auction was the company "Ola Fine" LLC, owned by businessman Maksym Krippi. Information about the results of the auction was published on the Prozorro platform. Sales".
On September 18, online auctions took place within the framework of large-scale privatization, at which the four-star hotel "Ukraine" was put up. Three companies participated in the auction: "Ola Fine" LLC of Maxim Krippa, "Alarit-Prom" LLC of Serhii Spodin and "Zhytomyr Furniture Factory" LLC of Vadym Grigoriev. Bidding took place according to the rules of a three-round English auction, which provides for an increase in the price.
The starting price of the lot was 1.05 billion hryvnias excluding VAT, but the Ola Fine company offered the highest amount — 2.5 billion hryvnias. After concluding the agreement, the proceeds from the sale will go to the state budget of Ukraine.
Hotel "Ukraine" is the first high-rise building in Kyiv, which was opened on September 28, 1961 under the name "Moscow". Located in the heart of the capital on Independence Square, it is a landmark for the city and its residents. Over the decades of its existence, the hotel has become an important object for tourists and guests of Kyiv.
According to YouControl, Ola Fine LLC is engaged in the rental and operation of real estate. For 2023, the company's revenue amounted to 334,000 hryvnias. Maksym Krippa, the owner of Ola Fine, has previously made deals in the real estate sector, including the purchase of the Dnipro hotel in Kyiv in 2020 and the purchase of a suburban complex in Koncha-Zaspa in 2023.
In July 2023, the Cabinet of Ministers of Ukraine approved the starting price and terms of sale of the "Ukraine" hotel as part of the major privatization program. This sale is part of the government's strategy to reduce the share of state ownership and increase investment in the country's economy.
