Property complex of SOE «Ukraine» Hotel

Property complex of SOE «Ukraine» Hotel located at the address: 4, Institutska St, Kyiv, 01001, Ukraine.


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,

Additional information

Region Kyiv city
Responsible for the preparation of the object Regional branch office of the State Property Fund of Ukraine in the city of Kyiv, USREOU code; 19030825.
Contact person for the object Tetyana M. Shkurina, +38044 281 00 35,
The act by which the object is included in the List of privatization objects Order of the State Property Fund of Ukraine dated March 10, 2023 No. 465 "On Amendments to Order of the State Property Fund of Ukraine dated January 4, 2022 No. 1 "On Approval of Lists of Small Privatization Objects Subject to Privatization (with Amendments)"
Order of the SPFU RV on the decision on privatization № 332 dated 13.03.2023

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