The Ukraine Hotel in downtown Kyiv was sold through a Prozorro.Sale large privatization auction for UAH 2.511 billion to Ola Fain LLC, a company owned by businessman Maksym Krippo.
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The first large privatization auction in the Prozorro.Sale system sold Kyiv-based Ukraine Hotel for UAH 2.511 billion
Ola Fain LLC, incorporated in 2021 and owned by Maksym Krippa, was the winning bidder
The starting price was UAH 1.047 billion and the final price increased by 2.5 times
The hotel was sold for Hr 2.5 billion ($60 million), over double the starting price of Hr 1.05 billion ($25.3 million)
The hotel had been state-owned since 1961
Krippa has built his career on gambling, entertainment and IT
This is Krippa's second high-ticket purchase over the last year, having purchased the Parus skyscraper in 2023
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Extraction metadata
Extracted: 2026-02-27T18:34:43.608Z
Source story: 3906975-large-privatization-kyivbased-ukraine-hotel-sold-for-uah-25b