Former President Nazarbayev's Relative's Luxury Almaty Hotel Sold at Auction

A luxury hotel in Almaty, previously owned by Kairat Satybaldy, a relative of former President Nursultan Nazarbayev, has been sold at auction. The DoubleTree by Hilton hotel was sold for approximately $27.5 million after three previous attempts. Satybaldy was previously imprisoned for embezzlement.

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