SPG may lose the Hotel National,moscow to 4 Seasons.

[drron]

Hotel National Owners Have Offer to Double Auction Price | Business | The Moscow Times

Four Seasons might be called in to manage the National, according to a source that competed with Bin at the auction. The Moskva Hotel's hotel part, which belongs to Shishkhanov, opened under the Four Seasons brand name.

However it was a great investment for those who bought it in December-

The city of Moscow may have been somewhat hasty with the sale of the Hotel National, as the affiliates of the Gutseriyev family's and Mikhail Shishkhanov's Bin Group that bought it in December for $155 million, received an offer to sell it for more than twice that price.
The owners of the Ritz-Carlton Hotel on Tverskaya Ulitsa made an offer to Smart Finance Group to buy the hotel for $350 million, a source close to the group's management said.

Would be sad.Had a great stay there when it was still the Le Meridien-a position that cant be beat.