Hotel “Uzbekistan” cost reduced due to lack of potential customers  

The initial cost of the state share in the hotel “Uzbekistan” offered for sale had to be reduced by 10% due to lack of applications. This was reported by the State Assets Management Agency.

Now the state owns 80.13% in the joint venture, which manages the hotel complex. Initially, the share was planned to be sold for $33 million. Now its value is reduced and is offered for $29.7 million. 

It should be noted that preserving the main activity (providing hotel services) for 10 years from the moment of acquiring the state share, as well as renovating the hotel without changing the external facade and attracting the best managers to manage the hotel are among the requirements of the sale contract.

This year the state has already put up its share for sale several times, but it has not been possible to find potential customers.

Hotel “Uzbekistan”, built in 1974, is one of the most famous hotels in the country. The latest reconstruction was done in 2010. It is located in the very center of the city, near the Amir Temur Square. The location is very good – there are a lot of sights, shops and cafés nearby.