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Radisson Blu hotel in Sochi to be put up for sale in December

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Radisson Blu hotel in Sochi to be put up for sale in December

Russian Bank for Foreign Economic Activity plans to put on public auction Radisson Blu hotel situated in Sochi, the head of the state corporation, Sergei Gorkov, told reporters.


“We haven’t sold it yet. We want to conduct a public auction. There are many those who wish. However, this procedure takes a lot of time. The auction will be launched in December,” said Sergei Gorkov.

Out of Olympic objects in Sochi, Bank for Foreign Economic Activity owns Radisson Blu Resort & Congress Centre located in Olympic village in this city that hosted the XXII Olympic Winter Games in 2014.

Within the framework of preparation for Olympic Winter Games, the state corporation granted loans to InterRos and Bazovyi Element companies that were used for construction of such projects, as Roza Khutor ski resort, an airport in Sochi and Olympic Games.

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