A landmark 34-storey hotel in the Russian capital has fetched $274m (£159m) at auction.
The 1,000-room Ukraina Hotel was one of seven "Stalinist Gothic" skyscrapers built in Moscow in the 1950s.
It is famous for its spires and turrets ornamented with wheat sheaves and the Communist hammer-and-sickle emblem.
The new owners, a business group called Biskvit, have not revealed their plans for the building. Analysts say it will cost at least $70m to renovate.
Moscow authorities decided to sell the Ukraina - a four-star hotel which currently offers rooms for about $100 a night - because of its high running costs.
They also hope a new investor will do up the building, the Associated Press news agency reports.
'Might and firmness'
The imposing structure stands in a prominent position across the Moscow River from the Russian White House, the government headquarters
Its Gothic style is meant to echo the towers of the Kremlin building, featured heavily in the 1990 film The Russia House.
The Ukraina's website boasts of architecture that looks "delicate and light" despite its impressive size and rooms still furnished with Soviet-era furniture.
Famous guests who have stayed there include Hollywood actor Robert de Nero, former Italian film star Marcello Mastroianni, French composer Michel Legrand and singer Patricia Kaas.
According to the website, the design of the seven skyscrapers carried a strong ideological message from the then Soviet leader Joseph Stalin.
"Their might and firmness symbolised the immovability of the Soviet people, hence the construction was under the highest patronage," it says. "The construction plans were signed by Stalin himself."