State-owned PrivatBank has put part of the Bukovel ski resort in Ivano-Frankivsk region up for sale. Cable cars, land plots, commercial real estate, and buildings of the Radisson hotel complex will be sent to auction. The total starting price of the property is about 3.56 billion hryvnias.
This was announced on November 11 by the press service of PrivatBank. Electronic auctions will take place on November 26, 2026 through the state system "Prozorro.Sale".
The property was divided into two separate lots. The first includes part of the resort's ski infrastructure and land plots. Its starting price is 1.6 billion hryvnias excluding VAT.
The first lot includes:
- 34 land plots with a total area of about 100.86 hectares;
- 14 passenger cable cars;
- a pumping station and two transformer substations;
- 10 separate commercial premises.
The second lot is put up for sale for almost 1.96 billion hryvnias. It includes the buildings of the Radisson hotel complex and a hotel-dormitory, as well as two land plots with a total area of about 3.59 hectares.
The total area of the hotel real estate exceeds 39 thousand square meters. The relevant facilities are located on the territory of the resort zone in the village of Polyanytsia, Ivano-Frankivsk region.
Detailed characteristics of the real estate and conditions for its acquisition are published in the announcement of the second auction.
PrivatBank explained that the assets put up for auction came into its ownership as repayment of problem loans issued before the nationalization of the financial institution in 2016.
The sale is carried out as part of the strategy of reducing non-core assets of state-owned banks. Financial institutions must gradually get rid of property not directly related to banking activities.
This does not mean the sale of the entire Bukovel resort. Only real estate and infrastructure owned by PrivatBank are put up for auction.
Potential buyers who meet the established requirements will be allowed to participate in the bidding. In particular, persons under sanctions, companies with opaque ownership structures, participants in money laundering and terrorist financing schemes will not be able to purchase the property.
Restrictions also apply to buyers associated with oligarchs, former managers and owners of PrivatBank.
The amount of the guarantee fee for participation in each auction is 5% of the starting price of the lot, and the minimum price increase step is 1%.
Both property complexes are leased until December 31, 2026 with the condition of automatic extension of contracts. Current tenants will be able to claim acquisition of the objects only through participation in open electronic auctions.
The bank notes that the sale should ensure competitive formation of the market value of the property. The funds received will be directed to improving the financial results of PrivatBank.
This, in turn, will increase tax revenues and dividends that the state bank transfers to the budget of Ukraine.
Earlier, in November 2025, PrivatBank already held auctions for the transfer of part of Bukovel's property for lease. Now the financial institution is moving to the sale of these assets.
The winners of the new auctions and the final value of the real estate will be known according to the results of the auctions scheduled for November 26.
