Towering over Kyiv for six decades, Hotel Ukraine has witnessed some pivotal moments in Ukraine’s recent history.
Today, blue and yellow flags cover lawns near the hotel, serving as a reminder of the many lives lost in the war between Ukraine and Russia.
Now, Hotel Ukraine is up for auction as part of an effort to sell off some large state assets to help fund the military and bolster an economy battered by a grueling war that has drained the country’s coffers.
The starting price for Hotel Ukraine is $25 million.
Beginning this summer, the government will auction some 20 state-owned companies, including Hotel Ukraine, a vast shopping mall in Kyiv, and several mining and chemical companies.
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