Alfa Invest won 100% of Lotte City Hotel Tashkent Palace for US$20 million. Smart Fast Stroy won 100% of Hotel International for US$26 million.
The Hotel International buyer also assumed €14.7 million of bank debt, taking its total transaction funding above US$41 million. Each sale attracted three binding bids after multi-stage competitive processes. Both winning prices exceeded independent appraisal values and were within the upper end of adviser valuation ranges.
The two competitive transactions establish hospitality-asset benchmarks and demonstrate execution of privatisation, while assumed debt should be assessed separately from the equity purchase price.
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