Kyiv’s state-owned Dnipro Hotel was sold by online auction yesterday to a real estate company for $41 million – 14 times the starting bid of $3 million.

Kyiv’s state-owned Dnipro Hotel was sold by online auction yesterday to a real estate company for $41 million – 14 times the starting bid of $3 million. With 29 investors participating in the ProZorro auction, interest in the 186-room hotel may have grown after the Rada approved Tuesday a law allowing casinos in hotels with 150 rooms or more. Inga Ioanno, spokesperson for the State Property Fund, told the Kyiv Post: “As of today, it is the best location and the hotel meets all the criteria of this law for opening a gambling hall.”