Beijing (hotel)

The Beijing Hotel is a landmark city complex with great investment potential. The Beijing Hotel is located on Bolshaya Sadovaya Street, within walking distance of the Kremlin, Red Square, the main theaters and museums of the capital. The building was built in 1939-1958 according to the project of architect D.N. Chechulin. The hotel is a recognized historical architectural monument of Stalinist classicism. The Beijing Hotel offers 150 rooms designed in the Empire style. The modern room facilities and premium infrastructure of the Beijing Hotel - three restaurants, a panoramic rooftop bar and a conference hall - are harmoniously combined with the historical past of the complex. There is also a SPA centre, beauty salon, cafe and shops.

2020: Sale of the hotel 4.8 billion rubles. hotel complex "Pearl"

VTB sold the Beijing Hotel in Moscow (Bolshaya Sadovaya St., 5.), But part of the payment from the buyer was restructured at his request, bank head Andrei Kostin said in October 2020.

The owner of Beijing, a member of VTB Group Gals-Development, announced the upcoming sale of the Pearl Hotel Complex asset (owns the Pearl Hotel in Sochi) in January 2020. The parties planned to close the deal before July 31. Her financial terms were not disclosed.

"We sold. There is a bit of a delay with calculations, but in principle they paid the down payment and ask to postpone the next payments, "he said.

Later, by June 2021, VTB closed the deal. The hotel building with an area of ​ ​ 26 thousand square meters. m went into addition with a plot of 5.6 thousand square meters. m Attempts by the bank to sell the object began in 2019 with a price of 5.67 billion rubles, but no one filed an application for auction. The buyer of the Pearl Hotel Complex paid 4.8 billion rubles for Beijing. Pearl received part of the amount of 2.8 billion rubles on loan from Sberbank.

2019

Auction did not take place due to lack of bids

In June 2019, Gals-Development tried to sell the hotel at open auction for 5.67 billion rubles, but the auction was declared unsuccessful due to the lack of applications.

The hotel is for sale for 5.6 billion rubles

Gals-Development VTB Group announced electronic bidding for the sale of the Beijing Hotel, a four-star hotel and office complex located in Moscow, on Bolshaya Sadovaya St. 5/1.

The open auction for raising will be held at the electronic trading platform of Unified Electronic Trading Platform JSC. The subject of the auction is the right to conclude a contract for the purchase and sale of ordinary registered shares of Beijing Hotel and Office Complex OJSC in the amount of 353,210 units, which make up 100% of the total number of shares. The main asset of Beijing Hotel and Office Complex OJSC is the property complex of the four-star Beijing hotel and office complex with a total area of ​ ​ about 26,000 square meters. m

Historically, the company was created for the operational management of GOK Beijing, has no financial debt, as well as associated burdens. More detailed information is provided on the website of the electronic trading platform of Unified Electronic Trading Platform JSC https://www.roseltorg.ru/procedure/COM29051900018.

The starting price of the lot is determined in the amount of 5.671 billion rubles, the "auction step" is set at 15 million rubles. The collection of applications for participation will last for 90 days from the date of placement of the auction notice on the electronic trading floor and will end on August 29, 2019. The auction for the right to acquire shares of Beijing Hotel and Office Complex OJSC is held in accordance with the auction documentation and regulations of the electronic trading platform. The auction begins on September 2, 2019 at 10:00 Moscow time.