Tender on sale of 39% stake of Ipak Yo’li - Turizm Invest prolonged

Tashkent, Uzbekistan (UzDaily.com) -- The Government of Uzbekistan prolonged tender on sale of 39% shares in Ipak Yo’li - Turizm Invest, an Uzbek-Turkish joint venture, which runs Dedeman Silk Road Tashkent Hotel in the Central Asian state.

The State Property Committee of Uzbekistan published the announcement on prolongation of tender on 13 March on its official website.

Starting price for 39% share set at US$11.3 million. Investors also should undertake investment obligation for US$5 million. Investors should submit bids till 20 April 2010.

Dedeman Silk Road Tashkent Hotel is four star hotel in Uzbekistan. It has 206 rooms, including one presidential room and two lux. The hotel also has night club. The hotel includes four conference rooms, including one for 750 persons.