Two major lots in the “Prozorro.Sales” system include 14 cable cars, the five-star Radisson Blu Resort hotel, and 34 land plots in Polianytsia. The auction will take place on November 26—the deal has the potential to reshape the entire tourism market in the Carpathians and neighboring Zakarpattia.
The state-owned joint-stock commercial bank “PrivatBank” is launching a large-scale privatization of the collateralized assets of Ukraine’s largest ski resort—the “Bukovel” Ski Complex, located in the village of Polianytsia in Ivano-Frankivsk Oblast. Two strategic asset pools, which form the resort’s core infrastructure, have been listed for open electronic bidding on the “Prozorro.Sales” platform.
Official data from the “Prozorro.Sales” electronic trading system and a press release from JSC CB “PrivatBank” confirm that preparations for the auctions have begun.
What exactly will go under the hammer: cable cars, a hotel, and hectares of land
The total starting price for both lots is 3.56 billion hryvnias (excluding VAT). The list of properties offered to investors includes key elements of the resort’s operations:
- 14 passenger cableways (T-bar and chairlifts), which provide the main capacity for the ski slopes;
- 34 land parcels for various purposes within the resort area of the village of Polianytsia;
- the well-known Radisson hotel complex (Radisson Blu Resort Bukovel) along with the surrounding area;
- commercial real estate, utility networks, and related infrastructure facilities necessary for serving tourists and operating the ski runs.
All of these assets were transferred to PrivatBank’s balance sheet even before its nationalization in December 2016—as collateral for the loan obligations of companies linked to the financial institution’s former owners. The decisive online auctions are scheduled for November 26, 2026.
How the sale of “Bukovel” will affect tourism in the Carpathians and neighboring Zakarpattia
Experts in the real estate, hotel, and restaurant industries are calling the upcoming auction the main investment event of the year in Ukraine’s tourism sector. The change in ownership of a significant portion of “Bukovel’s” assets will inevitably affect neighboring Transcarpathia as well—in particular, the resorts of Rakhiv District (Dragobrat, Yasinya, Lazeshchyna), which are geographically adjacent to Polianytsia and operate as part of a single Carpathian tourism cluster:
- Competition and pricing policy: the arrival of a new major private investor or consortium could change the approaches to setting prices for ski passes and hotel accommodations in the region;
- Investment Flow into Transcarpathia: For some developers and hoteliers seeking an alternative to the oversaturated and expensive “Bukovel,” neighboring Transcarpathian communities (Yasinya, Bohdan, and Pylypets) are becoming increasingly attractive locations for new resort projects;
- Development of shared logistics: the modernization of Polianytsia’s infrastructure traditionally stimulates demand for transportation and tour routes through the Yablunytsky Pass toward Rakhiv, Solotvyno, and the thermal resorts of Transcarpathia.
Source / Photo: information from the “Prozorro. Sales” electronic trading system and the press service of JSC CB “PrivatBank.”
