Sokotel Sokotel

History

2022: Sale of Russian business

As it became known on June 22, 2022, the Finnish hotel chain Sokos sold the Russian business to the owners of the Awara IT group (engaged in consulting in the field of information technology and digital projects for retail, the hotel industry, the industrial and financial sector) Alexander Ermakov and Yuri Shumakov. The financial terms of the transaction were not disclosed.

According to "," the Kommersant company that managed S-Group three hotels under the Sokos brand in the Russian Federation St. Petersburg announced the sale of assets in the Russian Federation in a letter to its partners. A copy of it is at the disposal of the publication.

Finnish hotel chain Sokos sold Russian business

SOK (part of S-Group) sells the company responsible for the Sokos Hotels business in St. Petersburg. As a result of the transaction, the management of Sokos Hotels in St. Petersburg will be transferred to the buyer on June 30 [2022 - approx. TAdviser], and the hotel activities of S-Group in Russia will stop, the S-Group said in a statement.

The perimeter of the transaction included three hotels with a number of more than 900 units located on the 8th line of Vasilyevsky Island (owned by a hotel operator), in Bataysky and Birzhevoy lanes (leased). The Solo Vasilievsky hotel owned by the chain on the 8th line of Vasilyevsky Island was not included in the deal. Under what brand hotels will continue to work, by June 23, 2022 is not reported. On the Awara IT website, Sokos is listed as one of the partners of the IT supplier.

The S-Group, which also developed the Prisma network in St. Petersburg, announced the termination of work in Russia in early March 2022 after the start of the Russian military special operation in Ukraine. In June 2022, X5 Group agreed to buy 15 Prisma supermarkets, which plans to transfer most of the outlets to the Perekrestok brand^[1]

2011: About Sokos Hotels

Sokos Hotels is the largest Finnish hotel chain (holding "S-Group"), which as of November 2011 included more than 40 hotels in Finland, Estonia and Russia. In addition to accommodation in hotels, Sokos Hotels provided conference services and restaurant service. Sokos Hotels partners were: Holiday Club Spa Hotels, Radisson Blu Hotels, Finnair, Hertz, Viking Line, Finnish Hockey Association, FC Zenit St. Petersburg.

2007: SOK's entry into the Russian market

SOK Holding (Sokotel) began its entry into the Russian market back in 2007.

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