Announcement of sale of hotel complex "Zlatna obala" in Sutomore

The Privatization Agency of Serbia announced today (March 19, 2009) that Sutomore-based Hotel-Tourism Complex “Inex-Zlatna Obala” would be offered for sale at the auction on May 5th at the starting price of 17m EUR.

According to the website of the Agency (www.priv.rs), total of 64 facilities within the complex at 13,900 square meters and the equipment, inventory and stocks owned by Belgrade-based "Inex hoteli" will be offered for sale.

According to the information available on the website (www.inexhoteli.com), "Inex Zlatna obala" owns total of 57 bungalows for about 840 guests, as well as restaurant, tavern, pastry shop, brewer, bawling room and billiard tables.

The auction will be held in Belgrade, and the condition for participation is the procurement of the selling dossier at the price of 8,000 EUR, the requests for which can be submitted prior to April 22nd.

The Agency announced that the applications for participation in the auction can be delivered prior to April 27th, while the participants were obliged to either pay the deposit or provide the banking guarantee worth 3.4m EUR.

According to the website of the Privatization Agency, the buyer of the hotel complex at Montenegrin seaside will also be obliged to hire 60 people on indefinite period of time and to accept the minimum social programme.