State-owned Dnipro Hotel in Kyiv was sold at a transparent auction Prozorro.Sale for $ 40 million

As part of privatization in Ukraine on July 15th, the State Property Fund of Ukraine launched the transparent auction for the privatization of a well-known Dnipro Hotel located in the very heart of Kyiv.

The initial price for the asset was UAH 80.92 million. The final price reached UAH 1.1 billion (USD 40 million).
29 registered participants of the auction competed via ProZorro.Sale platform, which allowed watching the process online.

According to Transparency International Ukraine, the Dnipro’s total revenue for last year was UAH 63 million.

According to the head of State Property Fund Dmytro Sennychenko, the new investor will have to keep the name of the Dnipro Hotel in any combination, preserve the use of the property making it at least 4* hotel, as well as keep the staff of 159 people.

The new owner of the property is the founder of the e-sport organization Natus Vincere Aleksandr Kakhanovskiy. Together with other investors, e-players the new owner plans to turn the hotel into the first e-sport facility. It will be a hotel with unique e-sport elements such as training halls, e-sport arena, special rooms for players, as wells as best players ‘lounge.


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