Opening Bid For Downtown Moscow Hotel Metropol To Start At $296.6 Million
The city of Moscow plans to sell downtown luxury hotel Metropol at a state-run auction this summer with an opening bid of 8.6 billion rubles ($296.6 million).
The city of Moscow plans to sell downtown luxury hotel Metropol at a state-run auction this summer with an opening bid of 8.6 billion rubles ($296.6 million).
The 39,000-square meter, 362-room Metropol opened in 1901 and still retains its antique furniture and unique paintings along with 72 suites, two restaurants and nine banquet halls.
inherited a $5 billion budget deficit upon replacing long-serving Luzhkov in October 2010, and therefore has initiated a massive privatization of municipal property.
The city of Moscow sold the nearby historic National hotel to B&N Bank co-owner Mikhail Gutseriyev for about 4.674 billion rubles ($148 million) last December.
Source: En.Ria
Like Haute Living Moscow? Join our Facebook page or follow us on Twitter @HauteLivingMag Want Haute Living Moscow delivered to your inbox once a week? Sign up for our newsletter.
Latest from Haute Living
Inside Seia’s Museum-Grade Hospitality
Our Editors Say This is the Skincare Brand Actually Changing How Luxury Skincare Works
Palm Beach Season is Officially Starting, and the Island Is About to Triple in Size
