The Druzhba Hotel in Kyiv is being sold for less than an apartment.

by Editor • 25.04.2016 • 0 Comments

Kyiv's Druzhba Hotel building is listed for sale for 148,99 million hryvnias, or 18,5 hryvnias per square meter. This is reported by "Our money".

The building is located at 5 Druzhby Narodov Boulevard, and the seven-story structure is considered to be in good technical condition. However, the price per square meter is comparable to a typical Khrushchev-era apartment – approximately $700 per square meter for a total area of 8066 square meters. It's worth noting that properties in nearby buildings are selling for between $890 and $1180 per square meter.

The auction announcement was published in the Electronic Auction System for Seized Property, with the auction starting at 9:00 AM on May 6. Bids can be submitted until 21:00 PM on May 8. Currently, the system has not received any bids.

The hotel itself is owned by the company Ukrproftur. The seizure was ordered on February 18.

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