VTB Group (MOEX: ) has sold the Hyatt Regency Moscow Petrovsky Park hotel, according to the bank’s press service. The hotel is located near the VTB Arena stadium, close to the Dinamo metro station. The property was sold as part of the strategy to divest non-core assets. The hotel’s total area is nearly 31,000 square meters.

In April, the group’s head stated that VTB Bank plans to sell part of its non-core assets within the next five years. According to him, the group intends to focus on banking operations. In August, VTB sold the Swissotel in Sochi for 10 billion rubles.

Hyatt Regency Moscow Petrovsky Park

The Hyatt Regency Moscow Petrovsky Park is a modern luxury hotel located in northwest Moscow, near the historic Petrovsky Palace. The area is named for the palace, which was built in the late 18th century by Catherine the Great to commemorate Russia’s victory in the Russo-Turkish War. The hotel itself provides contemporary accommodations while being situated in a district with significant historical and architectural heritage.

VTB Arena

VTB Arena is a major multi-purpose sports and entertainment complex in Moscow, Russia, located on the site of the historic Dynamo Stadium, which originally opened in 1928. The modern arena, which opened in 2019, serves as the home for FC Dynamo Moscow and hosts a variety of other sporting events and concerts. It combines a historic legacy with state-of-the-art facilities, including a covered football stadium and a smaller arena for other sports.

Dinamo metro station

Dinamo metro station is a station on the Moscow Metro, located near the Dinamo Stadium. It opened in 1938 as part of the second stage of the metro’s construction and is renowned for its palatial design, a classic example of the Stalinist Empire style. The station’s theme celebrates Soviet athleticism and achievements in sport, reflecting its proximity to the historic sports complex.

Swissotel Sochi

Swissôtel So Sochi is a modern luxury hotel located in Sochi, Russia, a city famed for hosting the 2014 Winter Olympics. The hotel itself was built as part of the city’s major redevelopment for the games, opening to provide high-end accommodation for visitors. It is known for its contemporary design and panoramic views of the Black Sea and the Caucasus Mountains.