ST.-PETERSBURG WILL EXPOSE ON THE AUCTIONS TILL THE END OF 1999 G LARGE SHARE HOLDINGS
ST.-PETERSBURG WILL EXPOSE ON THE AUCTIONS TILL THE END OF 1999 G LARGE SHARE HOLDINGS
OF SOME MUNICIPAL HOTELS.
St.-Petersburg, on June, 9th. A/PRIME-TASS/. Property fund Sankt -
Petersburg plans to expose for the auctions till the end of 1999 g the large
Share holdings of some 3 and 4 star municipal hotels,
Have informed the PRIME-TASS on Tuesday in city fund of property.
According to the representative of fund of property, on the special
Monetary auctions will be offered on 30 percents of actions of hotels
Middle class: "Vyborg", "Russia", "Sports", "Seagull",
"Southern", and also 15 percents of hotel "Tourist" and 1 percents
"October".
On special investment competitions will be exposed: 22
July of current year - 30 percents of actions of elite hotel international
Class "Astoria", in August-September 1998 g - 60 percents of actions
Hotels "Moscow".
Are not defined while dates of investment competitions on sale
20 percents of actions of hotels "Vyborg", "Russia", "Sports",
"Seagull", "Southern", and also "Kiev"/55 percents/, "October"/49
Percents / and "Tourist"/45 percents /
As the representative of fund of the property, one of the key has noted
Conditions of investment competitions - the repayment of the ground areas under
Hotels and investments into the reconstruction and development program
Hotel kompleksov. - 0 - dk/sbg
//* an information Source: the Prime-TASS, 9.06.98
//* Reg. Nom. - 1080600097.01-------------------------------------------
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