Grodno authorities are making preparations to convert the state-owned Hotel Belarus into an open joint stock company and sell a stake to an investor, Grodno Regional administration said.
Built in 1968, Hotel Belarus is an 8-storied building with 242 rooms. The hotel is located in the city center.
Earlier Lithuania’s Arvi Group considered buying the asset to convert it into a four-star hotel. (Prime-TASS/Business World Magazine)