VTB is interested in buying the city of Moscow’s hotel business, several sources at City Hall told Vedomosti.
Negotiations have not begun because a specific proposal has not been made, a source close to VTB said.
Hotel Company was created in 2009 and holds the city’s shares of 20 hotels. But with the arrival of Mayor Sergei Sobyanin, the National Hotel and the Budapest Hotel were sold separately, and a decision was made to turn the site of the Rossiya Hotel into a park.