A Failed Auction for a Sochi Health Resort Worth 406 Million Rubles 💼🏡
Sanatorium in Sochi, Lazarev, has witnessed a lack of incoming patient applications.
Turns out, LLC "Meridian" bungled the sale of the popular health complex, the Lazarevskoe Sanatorium in Sochi 😕🌆! Four applications to participate in the auction were rejected—nothing budged the 406 million ruble asking price. The Lazarevskoe Sanatorium, a tranquil sanctuary nestled in Sochi since 1994, is no stranger to serene beaches and resort facilities.
The auctioned property included assets under pledge (worth a whopping 324.7 million rubles), unpledged property (72.7 million rubles), and equipment valued at 8 million rubles. This nifty health complex, specializing in treating nervous system, respiratory, and musculoskeletal diseases, can comfortably host 500 guests 🛌. In 2022, despite serving many, the institute registered a revenue of 67.9 million rubles yet ended the year with a financial loss of nearly 10 million 💸📉.
The institution's hemorrhaging finances led to a bankruptcy proceeding initiated by PJSC "Yug-Investbank," a significant creditor to whom the complex owes over 259 million rubles. Consequently, the Arbitration Court of the Krasnodar Territory declared the health complex bankrupt in October 2023 📜🔓, setting the course for its liquidation process 🛑.
Interestingly, "Gazprom" is also parting ways with its health resorts in Kuban 🏖️💥!
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Additional Insights:
- Lazarevskoye & Sochi: Lazarevskoye is a charming district in Sochi, boasting spectacular beaches and a thriving resort scene. Its draw for tourists and locals alike is part of what makes it such a desirable location.
- Property Auctions: In Russia, properties such as sanatoriums might be auctioned for reasons like financial issues, privatization, or redevelopment initiatives. The outcome of these auctions depends on the attractiveness to potential buyers and the auction terms 📈.
- With the Lazarevskoe Sanatorium, a renowned health complex in Sochi, falling into bankruptcy, the field of health-and-wellness has shown signs of financial strain even amidst the picturesque setting of this popular health resort.
- The failed auction of the Lazarevskoe Sanatorium has raised questions about the viability of the medical-conditions sector in Russia, particularly as it pertains to larger business ventures and financial investments.
- Amidst the liquidation process of the Lazarevskoe Sanatorium, experts in both health-and-wellness and finance are closely monitoring the situation, as it could have significant implications for the future of similar ventures and the broader Russian economy.
