The official hotel of the State Hermitage has been put up for auction. For an eight-storey building in the center of St. Petersburg, they want to rescue at least 2.7 billion rubles. Message about the sale of the hotel “Hermitage” appeared on the portal “Torgi-Ru”.
The hotel is located in a renovated building on Pravda Street. The hotel covers an area of 11,419.6 square meters. M. Hotel for sale with a land plot of 2750 square meters. m. Bidding are scheduled for January 26, 2022.
Hotel owner of the hotel – “International Baltic Investment Company” (MBIK). 70 percent of the company’s shares belong to the Azerbaijani businessman Malik Babaev, the remaining 30 percent of the Russian citizen. The hotel was completely renovated in 2013 at the expense of a loan for tens of millions of dollars issued by the International Bank of Azerbaijan. However, the loan was not repaid, the International Bank of Azerbaijan tried to declare the bankruptcy of OJSC International Baltic Investment Company. However, the court did not satisfy the court.
According to Haqqin.az, disputes around the Hermitage Hotel have been continuing for several years. The main owner of the hotel is Malik Babayev, who bought the hotel at his previous owner – houses of culture of food industry workers for $ 4.1 million. An entrepreneur at one time received the resolution of the head of the Hermitage Mikhail Piotrovsky to use the Museum’s trademark for a certain fee. The amount of the transaction side did not reveal.
Babayev took a loan in dollars at 12 percent per annum in the International Bank of Azerbaijan. He repaired on this money and reconstructed the hotel acquired inexpensively known in Soviet times. In what size of Babayev took a loan in the bank, unknown. However, according to experts, at least $ 35-40 million were spent on the restoration and repair of the building.
However, the loan was never repaid, and the subsidiary of the international bank of Azerbaijan “MBA-Moscow” functioning in Russia filed a lawsuit on the arrest of the company’s property due to non-fulfillment of debt obligations. In connection with the long delay in repayment of debt, the Bank filed a lawsuit and demanded confiscation laid by Babayev property – Hotel Hermitage
Malik Babaev is a businessman investing in real estate in St. Petersburg. He was considered one of the business companions of the former head of the International Bank of Jahangir Hajiyev. The co-founder of the “International Baltic Investment Company” was MBA-Moscow.