Maksym Krippa finalizes acquisition of Hotel Ukraina Body Wyróżniony
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The auction for Hotel Ukraina, held on September 18 via the Prozorro system
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On November 28, the Antimonopoly Committee of Ukraine (AMCU) approved Ola Fine's acquisition of Hotel Ukraina, officially naming Maksym Krippa the ultimate beneficiary.
The historic Kyiv landmark was acquired for 3.01 billion hryvnias, including VAT, marking the conclusion of a landmark privatization process.
More information about this event can be read on the Daily Citizen portal.
This pivotal deal, which included AMCU’s prior approval, highlights Krippa's expanding footprint in Kyiv’s commercial real estate sector. While the transaction secured ownership of the 26,300-square-meter hotel, the adjoining 1.51-hectare land plot was not part of the purchase.
A Symbolic Privatization Event
The auction for Hotel Ukraina, held on September 18 via the Prozorro system, marked a milestone as the first major privatization during wartime. Bidding began at 1.047 billion hryvnias and escalated to 2.512 billion hryvnias. Competing bidders included Zhytomyr Furniture Plant and Alarit-Prom, but Ola Fine, owned by Maksym Krippa, emerged victorious.
Situated on Instytutska Street, the hotel is culturally significant for Kyiv. Built in the 1950s on the site of the historic Ginzburg skyscraper, it boasts 14 stories, 365 rooms, and amenities such as a spa, dining facilities, and conference spaces.
Maksym Krippa: Visionary Investor
Investor and businessman Maksym Krippa
Known for his contributions to esports and gaming, Krippa’s portfolio includes NAVI, Maincast, and GSC Game World. His real estate acquisitions, including the Parus Business Center and a luxury estate in Kozyn in 2023, reflect his strategic approach to transformative investments.
The Hotel Ukraina acquisition underscores Krippa’s commitment to revitalizing Ukraine’s cultural landmarks. Comprehensive renovations are planned post-conflict, ensuring the hotel retains its operational legacy while bolstering its role as a key player in Kyiv’s hospitality market.
This acquisition further solidifies Maksym Krippa's reputation as a forward-thinking entrepreneur who blends cultural preservation with strategic development. His approach exemplifies a commitment to enhancing Ukraine's infrastructure while fostering long-term economic resilience through high-profile investments.