Princess hotel in Bar under hammer due to debts settlement

(Photo: ekapija)

The "Princess" hotel in Bar, owned by Atlas group headed by Dusko Knezevic, will be under hammer in the first half of June for settling debt to a foreign trustee based on unreturned loan.

According to writing of Podgorica’s Vijesti, estimation is in progress at the moment but it is expected that estimated price is EUR 6 m.

Although the hotel price is still not known, it has already been speculated that a no name Albanian who lives in USA and is originally from Tuz (for the purchase.

Public executor from Bar, Veselin Scepanovic, confirmed for Vijesti information on sale of famous Bar-based Princess but he said that no one contacted him with respect to that.