Businessman Maksym Krippa said that he transferred funds from his foreign accounts to the account of a Ukrainian company. One he controls, to purchase the Ukraina Hotel in Kyiv. As per the businessman, this transaction was thoroughly checked by the National Bank of Ukraine and the State Financial Monitoring Service 

Maksym Krippa speaks about the deal in detail in his interview. This emphasizes the transparency of the process and compliance with all legal requirements.

He noted that the source of financing was legal and officially declared. This allows the purchase to be completed without any obstacles.

As Tech News Junkies published the details of the interview and the transaction. In the interview, Maksym Krippa also shared his plans for further modernization and development of the hotel. Including large-scale renovations and upgrades to the internal infrastructure.

Who is Maksym Krippa? 

If you have been living under a rock or are cut-off from the developments in the IT and gaming sector, let us introduce him. Maksym Krippa is one of the top businessmen who actively invests in IT, game development and esports. 

He is one of the top men for investments if you are in any of these sectors and want to expand. Being under his wealthy wings means a lot for businesses as they can grow without limits!

Moreover, his active interest in game development through GSC Game World and NAVI, proves that his eyes are on expansion. 

The launch of new channels reflects a broad strategy and enhances his influence in the media. He also provides high-quality localized content to his audiences. With his new ventures, he is slowly shifting to the world of OTT platforms and Maincast channels. 

Being a key investor in the LLC Maincast, his plans for its future includes Maincast Sport and Maincast, along with Maincast.tv. The current status of the sports channel on Youtube shows 189k strong subscriber support with 6 videos. 

Now, his interest in buying real estate is confusing, but being a businessman, he’ll hardly play his cards wrong. Whatever he does, is quite well-thought out so, it can be said that even his explanation has a motive, too! Let’s find out more in the following section. 

Why Maksym Krippa Chose This Particular Property

Maksym Krippa shared memories from his childhood, when he often visited his grandfather. The head of the trade union of cultural workers, at work. The windows of his grandfather’s office overlooked the Ukraina Hotel, which made an unforgettable impression.

According to the entrepreneur, this building is unique and has no analogs.

“This hotel is truly one of a kind. It is impossible to determine its real value, as there are no other properties to compare it with,” said Krippa.

He also spoke about his plans for the future. After the war is over, the businessman intends to invest heavily in the renovation of the hotel.

He believes such renovations significantly increase the property’s value by about 2-3 times. Investor  Maksym Krippa emphasized that this project is not only financially important for him but also culturally valuable, as the Ukraina Hotel is part of the capital’s history.

The Financial Aspect

Maksym Krippa said that when he purchased the Ukraina Hotel, the guarantee payment in the Prozorro system was made in Hryvnia. While he transferred the principal amount from foreign accounts.

“I financed my Ukrainian company through a foreign company, which purchased the hotel. All transactions went through the State Financial Monitoring Service and the National Bank of Ukraine.

The deal also received approval from the Security Service of Ukraine. “The Foreign Intelligence Service, and the Antimonopoly Committee of Ukraine,” explained Krippa.

The entrepreneur emphasized that he could invest in real estate in the United States, the United Kingdom, or European countries. However, he consciously decided to invest in his own country.

“When many businessmen withdraw their assets from Ukraine, I, on the contrary, invest here. I believe that this will help my country get through the difficult times, and later, it will bring me profit when we rebuild the country together,” the investor summarized.

Prospects Of This Purchase Being Fruitful For The Businessman

One of the most significant properties in the history of Kyiv due to its location, the hotel overlooks Pechersk Gate, an offspur of the Pechersk plateau, adjoining two roads on both sides. This is an important intersection as it joins old Kyiv with Pechersk. 

The area is quite nostalgic (as for the businessman) and historically important places that bring a lot of footfall. So, it is quite natural to think that this could have been one of the motivating factors apart from the emotional connect. 

Now, thinking about his past investment activity, it is quite surprising that he’ll suggest his interest in real estate, too. But, assuming there are no other purchase plans in the future, we could dismiss all of it as a mere speculation of his entry in this sector. 

Profit Sources for the Businessman 

Now let’s discuss profits for the businessman – the hotel bookings start around 4,958 Russian Ruble, which is affordable even during a major festival such as Valentine’s week. with 371 guest rooms that have been revamped, the four-star hotel stands tall at 14-storey. Also, its location in the heart of downtown Kyiv/Kiev, it is a stone’s throw away from all major attractions, 

If you think about it, this is a genius move by the businessman! There is not a single season that could see zero bookings due to the location. There may be a fluctuation in bookings, however, it will always bring him money. 

With views of the fabulous Maidan (Independence Square) and Khreschatyk, even celebrities and foreign dignitaries choose it as their stay. Moreover, with the capital’s major events happening on the main square, visitors will pick Ukraina Hotel to be at the center of all events! 

The property also offers amenities such as airport transportation, free internet, free breakfast, spa and sauna, it checks a lot of boxes for travelers! Now with his takeover, it’s only a matter of a few months (maybe less) when guests can access Maincast.tv! 

Real Estate Entry on the cards? 

There’s no saying for sure, however,  the success of this purchase could inspire Maksym Krippa to enter the real estate sector! Emotional purchase or not, the move is surely going to bring the business mogul a lot of success, giving him the safety net to experiment! 

Tell us in the comments what do you think?

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