“Chorsu” hotel has been sold for 17 billion soums
The building is put up for auction at the beginning price of 1 soum. In the end, it's sold to $ 16.9 billion. It's informed by the E-Performance Auction.
Investment company Ittihad International Investment LLC, headquartered in the United Arab Emirates, won the auction lasting more than 10 hours. Its main rival, Fajr Mustaqbal General Trading LLC, said it would pay slightly less (16.8 billion soums).
With an active investment commitment, the buyer will earn at least $ 25 million in two years. It is expected to invest $ 150 million and create 150 new working place. The hotel should be a minimum of three stars.
At the same time, the new owner of the building must maintain the main business (hotel services) for 10 years. It is allowed to provide business center services in a part of the hotel complex (which does not exceed 50% of the total area). If the structure is to be demolished, the design of the new one should be the same as the old one.
Recommended
Popular news
- Uzbekistan deposits native crop seeds in the Svalbard Global Seed Vault
- Children left without parental care in Russia returned to Uzbekistan
- Uzbekistan to introduce visa-free entry for U.S. citizens
- Temporary disability benefits to be assigned proactively
- “Oltin Kuz” II International Chamber and Symphony Music Festival to be held in Tashkent
- 22 Uzbek universities included in Asia’s best universities ranking
Comments
No comment yet. Maybe you comment?
Enter to comment