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Moscow Ritz Carlton owners eyeing the acquisition of the neighboring National Hotel

An Object of Constant Sale

It seems Moscow’s legendary National Hotel, which only changed its ownership last December, may soon become an object of sale again.

According to media reports, Smart Finance Group, a subsidiary of Bin Holding, which is the new sole owner of National Hotel that is listed among the nation’s objects of historical and architectural heritage, have received a lucrative offer from the investment company, Verny Kapital, the owners of the luxury Moscow Ritz Carlton Hotel on their willingness to buy the landmark hotel for about 10.5bln rubles. This amount is more than twice the 4.675bln rubles, for which the hotel was acquired from the Moscow City Hall at an auction in 2011.