A hotel building in Tashkent’s Mirzo Ulugbek district has been put up for sale, according to E-auksion.
The property is located in the Chingeldi mahalla, near the New Tashkent area. According to photos and publicly available data, it is the Farg‘ona “Fergana” hotel, part of a complex of 12 hotels.
The building, completed in 2025, has five floors and 62 rooms. Its total area is 5,373 sq. m, including 4,635 sq. m of usable space.
The property has all essential utilities, including water supply, sewerage, gas and electricity. According to photos, the hotel also has a restaurant, gym and mini-pool.
Universalbank is the seller, based on a decision of its Supervisory Board dated August 19. The hotel is being sold together with its equipment and an adjacent 0.32-hectare plot of land leased until 2073.
The starting price is 100 billion soums. The auction is scheduled for October 23.
Shavkat Mirziyoyev visited the complex of 12 three-star hotels in the New Tashkent area in August 2025. At the time, it was reported that several unnamed private banks had offered to partner in managing similar properties.
The hotels were planned to be handed over to “reputable international companies with extensive experience”, including Leo Hospitality Solutions, Radisson Individuals and Trademark Collection by Wyndham. According to reports at the time, the complex could accommodate up to 55,000 tourists annually.
In August, the Business Development Bank sold its 99.9% stake in BRB-InvestDevelopment, which owned the 124-room “Karakalpakstan” hotel within the complex. The buyer was Turangroup, which offered 69.94 billion soums for the property.
The English version of this material was generated with the assistance of AI translation tools and may differ slightly from the original text.
