Nazarbayev's Nephew's Former Hotel in Almaty Sold Significantly Below Asking Price

A former hotel owned by Kairat Satybaldy, nephew of Kazakhstan's ex-president Nursultan Nazarbayev, has been sold in Almaty. The property fetched 12.38 billion tenge, a price significantly lower than its initial asking price of 38.28 billion tenge. The sale excludes furniture and the Hilton brand rights.

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