Nisanov and Iliev also own the Radisson Royal Hotel, Moscow and the Radisson SAS Slavyanskaya Hotel in Moscow. In 2005, Nisanov acquired the Radisson Royal Hotel, Moscow, a luxury hotel formerly known as the Ukrainian Hotel and commissioned by Joseph Stalin, for £59 million during an auction. Nisanov and Iliev closed the hotel after purchase and spent three years modernizing the structure. They reopened the hotel in April 2010 under the new brand, Radisson Royal.