Kazakh private equity firm Verny Investment has acquired the Ritz-Carlton hotel from development firm Capital Partners for around $600 mln (EUR 424 mln).
The 334-room hotel is built on the site of the former Soviet Intourist hotel, in the vicinity of the Red Square on Tverskaya Street. According to press reports, Capital Partners bought the rights for the reconstruction of the 59,300-m2 hotel from the French company Superior Ventures back in 2007.
Capital Partners, a privately-owned real estate development, investment and management company active in Kazakhstan, Russia, Ukraine and Turkey, is also said to be in talks with US investment bank Morgan Stanley regarding the sale of the Metropolis shopping centre on Moscow's Leningrad Highway.
The mall, which opened in 2009 with a surface area of 209,000 m2, is the largest shopping centre in the city and could fetch up to $1 bn. It is part of the Metropolis mixed-use complex also involving 80,000 m2 of office space on three buildings.
Morgan Stanley declined to comment.
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