EXCLUSIVE: Azerbaijani Ex-Autocrat's Son Buys Back Luxury Hotel Sold Amid Political Upheaval

An OCCRP investigation reports that Rza Talibov, son of former Nakhchivan ruler Vasif Talibov, quietly repurchased a Batumi hotel for $8.6 million in May, rebranding it as London 1889, and used B-Pearl Turizm to acquire additional coastal property with plans for an 11-story residential building; the story situates these moves within the Talibov family’s broader asset divestment after Vasif’s 2022 resignation and prior revelations of suspicious wire transfers and substantial property holdings.