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Ritz Carlton Owner Wants Shishkhanov’s Hotel, Vedomosti Says

Feb. 20 (Bloomberg) -- 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.

To contact the reporter on this story: Marina Sysoyeva in Moscow msysoyeva@bloomberg.net

To contact the editor responsible for this story: Claudia Carpenter at ccarpenter2@bloomberg.net

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