Property complex of SOE «Ukraine» Hotel

Description

Name of the privatization object: property complex of SOE «Ukraine» Hotel.

Location: 4, Institutska St, Kyiv, 01001, Ukraine.

USREOU code (ЄДРПОУ): 22926100.

Main activity, according to the Statute: 55.10 Hotels and similar accommodation.

Average number of employees as of 30.06.2023: 155 people.

The main indicators of the enterprise’s economic activity:

№	Indicators (thousand UAH)	2020	2021	2022	6m of 2023
1.	Assets	45,685	43,546	41,991	41,482
1.1	Non-Current assets	41,238	37,750	34,429	32,985
1.2	Current assets	4,447	5,796	7,562	8,497
2.	Liabilities	45,685	43,546	41,991	41,482
3.	Total income, including:	35,647	100,538	21,628	11,129
3.1	Net income from sales of products (goods, works, services)	34,720	99,599	20,670	10,838
4.	Total costs, including:	50,222	100,377	48,097	18,058
4.1	Cost of goods sold (goods, works, services)	34,732	79,952	34,374	11,660
4.2	Administrative costs	11,844	15,239	11,508	6,075
4.4	Other operating costs	1,925	2,125	799	73
4.6	Income tax expenses	–	–	–	–
5.	Net profit (loss)	-14,575	161	–26,469	-6,929

As of 30.06.2023:

Overdue accounts payable – UAH 29,991 thousand;

Current accounts payable, incl.:

• Financial assistance – UAH 3,930 thousand;
• Payroll calculations – UAH 121 thousand;
• Payroll taxes – UAH 323 thousand;
• Land tax – UAH 403 thousand;
• Tourist tax – UAH 75 thousand;
• Payments for goods, works, services – UAH 6,389 thousand;
• Other accounts payable – UAH 4,716 thousand.

Description: The four-star «Ukraine» hotel is a 14-storey building with a total area of 22,481.5 sq. m, located in the heart of Kyiv – on the Maidan Nezalezhnosti Square, in a unique place where the cultural, political and entertainment life of the city intersects.

Distance to the city center is 0.2 km. «Ukraine» Hotel is a 3-minute walk from the Maidan Nezalezhnosti and Kreschatik Metro Stations and a 10-minute walk from the Secretariat of the President of Ukraine, the Cabinet of Ministers, the National Philharmonic, the St. Sophia Cathedral, the St. Michael’s Golden-Domed Cathedral, the Mariinsky Palace and the park, the most famous Kiev theaters, night clubs and large shopping centers.

The hotel’s room stock includes 363 rooms of Economy, Standard, and Family Standard, as well as Suite, Business Suite, Duplex and Executive Suite categories. In-room facilities include satellite TV and a refrigerator. The bathroom includes free toiletries and perfumes. Free Wi-Fi is available in all rooms and common areas of the hotel.

«Ukraine» Hotel features the main restaurant «Ukraine» with a total area of 451 sq. m and a capacity of 250 pax and 4 banquet halls.

The business center is at the ground floor of the hotel and equipped with 3 desk top PC’s with hi-tech facilities including Internet and complimentary WI-FI. There are 6 conference halls with a maximum capacity up to 100 pax and a meeting rooms.

The hotel also features a beauty salon, sauna and massage facilities, as well as parking for 69 cars. A private laundry service is also available.

Information about the object (real estate): the object includes  14 registered units of real estate and infrastructure (hotel building, 2 security buildings, 2 non-residential buildings, 2 parking lots, gates, fencing, paving, etc.) with a total area of 26,318.9 sq. m located at 4, Heroiv Nebesnoi Sotni Alley, Kyiv.

Information about land plots: no information available.

As of August 1, 2023, part of the company’s real estate with a total area of 12 sq. m is leased in accordance with 2 agreements. The deadline for the validity of existing lease agreements is until December 27, 2025.

Privatization conditions:

• repayment of debts on wages and to the budget within 6 months;
• preventing the dismissal of employees during 6 months.

Contact person: Tetyana M. Shkurina, phone for information: +38044 281 00 35, ts_30@spfu.gov.ua.