"Sheraton" exposed on auctions at the maximum price

Creditors LLC "LIRA" exposed on auctions 31,3 thousand sq.m (68%) unfinished hotel complex "Sheraton" and 6,4 thousand sq.m (68%) site under it. The initial price — 100 million rubles. All complex was estimated earlier at 1,3 billion rubles. Experts point to high risks of investments in this object: completion of constructions "Sheratona" will require milliard expenses, the environment of hotel and office market for similar objects is adverse...