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Royal Grand Hotel in center of Ukraine’s capital to be put on auction

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Royal Grand Hotel in center of Ukraine’s capital to be put on auction

Royal Grand Hotel, located on Bogdan Khmelnitsky Street in Kiev, is planned to be put on auction on March 14, in 2017. The area of the hotel is about 1,300 square meters.

As the Director of the Risk Management Department at the National Bank of Ukraine, Igor Budnik, wrote on his Facebook page, the hotel is pledged on the loan granted by liquidated Eurogasbank.

He specified that Euro-Gotel-Group based in Kharkov, which is a pledger and manages Royal Grand Hotel, undergoes a bankruptcy procedure. It is an official receiver that put the pledged property on auction.

Initial price of the lot will amount to 31,129,566 hrn, while bid increment will be 1% of the initial price.

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