State Assets Management Agency announces the start of the privatization process of the share in Hyatt Regency Tashkent Hotel
Tashkent, Uzbekistan (UzDaily.com) -- The State Assets Management Agency of the Republic of Uzbekistan announced the start of the privatization process of the share in Hyatt Regency Tashkent Hotel through a competitive sales process in accordance with the relevant privatization programs.
The hotel will be sold through the sale of 100% share in the business entity, which is currently being created through the transformation of SUE "Poytaxt qurilish va xizmat".
In preparation for this transaction, following the selection on the best offer basis, “KPMG Valuation and Consulting” LLP (hereinafter - KPMG) was selected as the exclusive financial consultant for the privatization of the asset.
One of the international companies "Big Four" (BIG4) will be attracted in the valuation of the Hotel as a share (business), and the value of the share in certain in the evaluation, will be used as a benchmark.
The sale is organized as a competitive bidding process, open to all interested parties (hereinafter referred to as "the Participants"). Participants are currently invited to express their interest in participating in the sale process the Hotel.
Five star hotel “Hyatt Regency Tashkent” was opened in 2016 in the center of Tashkent and became the first hotel of the international brand Hyatt in Uzbekistan.
It is the 5 star hotel in Uzbekistan directly managed by an international hotel chain.
The Hotel has an advantageous and exclusive location in the center of Tashkent, within walking distance of the main attractions of Tashkent and the central structure of ministries and departments;
The Hotel is located on 8 floors and offers 300 rooms for accommodation, including 248 standard and 52 junior / suite rooms;
The Hotel has several conference halls of different capacity, equipped at the level of international quality standards, as well as a banquet hall of 850 square meters, indoor swimming pool and SPA-center;
The applications will be accepted until March 28, 2022, 18:00 (Tashkent time).