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National Hotel to be Sold
7.06.2011 15:10
National Hotel to be Sold

Moscow authorities are going to sell the most famous and glamorous National hotel in Teatralnaya Ploshchad.
       The National hotel is a historic landmark in the heart of Russia's capital and one of its most famous hotels.
       According to the resolution prepared by the Department of Property, 100% of shares will be included in the privatization list for 2011-2013. Moscow Mayor Sergei Sobyanin, who replaced long-serving Yury Luzhkov, plans to get 54-72 million dollars to help to ease a 5 billion dollars budget deficit.
       In addition, the ex-mayor Yuri Luzhkov's favorite farm Medinskaya agribusinesses will be also sold.

Author: Ksenia Dzhalagonia

Tags: Russian business Russian hotels    

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