The State Property Fund of Ukraine (SPF) has announced a tender to select an appraiser of the market value of 100 percent of the charter capital or 94,337,411 of the shares in private joint-stock company President-Hotel (Kyiv), the owner of the eponymous hotel located at 12, Hospitalna Street in the Pechersky District in Kyiv, reads an announcement in the Vidomosti Pryvatyzatsii newspaper issued on Wednesday.
The report says that bidder can submit documents by Oct. 24, 2013, and the tender will be held on Oct. 30, 2013.
According to the report, the value of net fixed assets as of June 30, 2013 totaled Hr 100.679 million, the value of uncompleted construction was Hr 19,000 and intangible assets amounted to Hr 1.527 million.
The area of a land plot located at 12, Hospitalna Street and 4, Hospitalna Street is 2.4668 hectares. The land plot is in permanent use.
As reported, under SPF order No. 2660 of Oct. 7, 2013 according to order No. 629 of May 5, 2013 on the approval of the list of the Group E facilities that are to be privatized in 2013-2014, the fund decided to privatize 100 percent of the charter capital private joint-stock company President-Hotel.
President-Hotel (before 1998 the Inturist Hotel) was built in 1990.
The four-star hotel with 374 rooms, which was reconstructed in 2006-2012, is a separate part of the eponymous hotel complex.
The founder and owner of 100 percent shares in private joint-stock company President-Hotel is the SPF.
