Ritz Carlton Owner Wants Shishkhanov’s Hotel, Vedomosti Says

The Kazakhstan-based owner of Moscow’s Ritz Carlton hotel wants to acquire Moscow’s National Hotel, currently owned by the family of Mikhail Shishkhanov, president of Binbank and nephew of Russian billionaire Mikhail Gutseriev, Vedomosti said today, citing a person familiar with the proposal.

Verny Capital Investment Co. offered $350 million for the hotel, which is more than twice the price Shishkhanov’s family paid at an auction in December, the newspaper said.

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