Authorities Decide to Sell the Famous “Khumsan” Resort

The Agency for State Asset Management has announced the start of the privatization process for the famous “Khumsan” resort. A 100% share of the sanatorium, located in the picturesque area of Bostanlyk District in Tashkent Region, is being put up for sale.

To ensure the privatization process is carried out according to advanced international standards, the Agency has selected RSM Uzbekistan as the consulting company. RSM Uzbekistan will oversee the transaction and ensure its smooth execution.

The sanatorium is situated in the village of Khumsan, on the slopes of the Ugam mountain range. This unique natural site is located 1,000 meters above sea level, just 80 km northeast of Tashkent. Surrounded by beautiful landscapes and fresh mountain air, “Khumsan” attracts many tourists and visitors, making it an appealing asset for investors.

Total area: 14.93 hectares

Building and structure area: 14,971.1 sq.m

Number of rooms: 253

The sale of the sanatorium will be conducted in two stages. The first stage includes the Expression of Interest, followed by the collection of Binding Offers in the second stage.

Investors interested in purchasing can submit their Expression of Interest applications by October 31, 2024. The future buyer will be required to maintain the operation of the resort for at least 5 years. Additionally, any projects implemented on the site must be approved in writing by the Chorvoq Tourism and Recreation Zone Directorate.

The privatization of the “Khumsan” resort is a key step in developing the region’s tourism potential and presents an attractive opportunity for investors looking to expand their recreational business in Uzbekistan.

The text has been translated by AI. For more accurate information, please refer to the Russian version of the article