CHECKING OUT: The Hotel Metropol was sold Thursday for $275 million in an auction organized by the Moscow city government as part of its privatization program.
CHECKING IN: The buyer was Azimut, a major Russian hotel chain that rented the Metropol from the Moscow city government, Russian media reported.
ROOM SERVICE: Moscow, with a perpetual shortage of hotel rooms and a business culture that adores ostentation, is an attractive market for high-end hoteliers. The Metropol offers plenty of curb-flash. It's one of Moscow's most distinctive buildings: a cheery Art Nouveau confection in a city where buildings mostly seem to glower.