Moscow Government Plans to Sell 13 Hotels as Early as Next Year

Moscow’s city government plans to sell the company that owns its controlling stakes in 13 hotels as early as next year, Deputy Mayor Andrey Sharonov said.

Properties held by United Hotel Co., including the Renaissance Moskva, Rossiya and Savoy, have a total of 222,000 square meters of space, Sharonov told reporters in Moscow today.

To contact the reporter on this story: Ilya Khrennikov in Moscow at ikhrennikov@bloomberg.net

To contact the editor responsible for this story: Brad Cook at bcook7@bloomberg.net

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