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Automatically translated version. May contain inaccuracies compared to the original.
🔈 ARMA has finally taken on the hotel in Truskavets with a Russian trail
ARMA announced a tender to manage 49% of the three-star Mariot Medical Center hotel in Truskavets. The asset's nominal value exceeds 5,8 million UAH, and its owner, Russian businessman Oleksandr Vartanyan, has a significant backlog of questions from law enforcement.
A court seized his stake as early as August 2023. According to the investigation, Vartanyan had business in Crimea, and since 2016 his hotels housed Russian paramilitary formations. There was also a criminal case regarding financing actions aimed at overthrowing Ukraine’s constitutional order.
But more than 14 months passed between the asset’s seizure and the announcement of the tender. During that time the hotel, with 30 rooms, a medical center, and a restaurant, continued operating, and 51% of the company remained with the other co-owners. The promptness is, of course, striking.
But the most interesting thing here is not the stake itself, but its size: 49% does not grant full operational control, yet can allow blocking important corporate decisions that require 75% of votes. The remaining 51% belongs to Oksana Androshchuk, Lesia Konobi, and Svitlana Voloshyna.
So the future manager will not get the whole hotel, but a stake with potentially serious influence over its fate. For an independent investor this could mean tough negotiations with the co-owners. For those already inside the business, such a structure potentially opens far more interesting opportunities.
Will the tender truly be open, or will the manager ultimately be an entity close to the current co-owners? For now this is only speculation, but ARMA has grounds to prove that the procedure will not turn into a formality with a preordained outcome.
💬 ABleaks_bot
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