Lahoysk, one of two largest ski resorts in Belarus heading to the auction block on June 17, 2026,

If you have ever dreamed of owning a ski resort, a unique opportunity has emerged in Eastern Europe—though it comes with a complex web of legal and geopolitical risks.

Lahoysk's Silichy, one of the two largest ski resorts in Belarus, is heading to the auction block on June 17, 2026, with a heavily discounted starting price of approximately $6.7 million USD (18.556 million Belarusian rubles).

Located roughly one hour north of the capital city of Minsk, Lahoysk operated for 22 years before permanently halting operations on March 31, 2026, to await a new owner.

According to announcements published on the complex’s social media.

“With great regret, we inform you that March 31 will be the last day of operation of our complex. And this is more than just the end of the season.

This is the end of an entire 22-year chapter in the life of the Lahoysk Ski Sports and Recreation Complex.

This place has been more than just a leisure destination.

It has been about emotions, people, chance encounters, and moments that will be remembered forever,” the statement says.

The team also noted that it does not yet know what the future holds but expressed hope of meeting visitors again.

What the $6.7 Million Buyout Includes

The resort is being sold as a complete "property complex," meaning the winning bidder will acquire all on-site facilities and infrastructure. According to industry data, the sale includes:

• The Slopes: Five trails offering roughly 2.2 miles (3.6 kilometers) of skiable terrain, carved out of the region's rolling hills and steep ravines.

• Lifts: One four-seater chairlift and one J-bar.

• Amenities: Guest houses, traditional saunas, gazebos, a restaurant, and various sports facilities.

• Parking: A massive 1,000-car parking lot.

From Corporate Conglomerate to Bankrupt Asset

Lahoysk’s journey to the auction block stems from a high-profile corporate collapse. The resort was originally built and operated by Triple, a prominent Belarusian construction conglomerate founded by businessman Yury Chyzh.

Following Chyzh’s arrest in 2020 on fraud and money laundering charges, Triple was swamped by claims from creditors, led by the state-owned Belagroprombank. In July 2021, the Minsk Economic Court declared Triple bankrupt and ordered the liquidation of its assets—including Lahoysk—to settle the company's debts.

This is not the resort's first time on the market. It was initially listed in 2023 for $7.4 million but failed to find a buyer. A subsequent auction scheduled for May 15, 2026, with a starting price of $8.2 million also fell through, prompting officials to slash the price to the current $6.7 million figure for the upcoming June date.

Sanctions and Severe Legal Risks for Buyers

While alpine skiing is rapidly growing in popularity across Belarus's six ski resorts, international Western buyers face steep hurdles.

The United States, European Union, and United Kingdom have all levied strict financial and trade sanctions against Belarus. These restrictions were triggered by the country's highly disputed 2020 presidential election and its subsequent role in supporting Russia’s invasion of Ukraine.

Legal experts heavily advise American, British, and European citizens to seek rigorous legal counsel before participating in the auction. Sanctions laws are incredibly complex, and violations carry severe civil and criminal penalties.

Furthermore, travel logistics vary wildly by nationality. While citizens from 38 European nations—including major ski hubs like Austria, Switzerland, and Italy—can enter Belarus visa-free for up to 30 days, American and Canadian citizens are required to secure a visa prior to travel.

With the June 17 auction date rapidly approaching, no prospective buyers have been publicly identified. The clock is ticking to see if Lahoysk will successfully transition to a new owner or remain an idle casualty of corporate bankruptcy.