Podgorica – Company from Podgorica “Vektra” the ownership of Dragan Brkovic was the first to buy up the documentation for the open competition for HTE “Boka” and by that is first in the game for the purchase of the huge real estate on Herceg Novi Riviera – “Vijesti” found out.
The open competition for 59% of the stocks of HTE “Boka” is closing up on the 25th of April. Brkovic’s firm also applied on the previous open competition which was nullified, because, as it was then announced from the state commission, the offers of the participants did not fulfill the criteria. The main reason for the nullification of the open competition was the fact that the publicity had no information about the first rated company Meat investment from Amsterdam, which it turned out later, was the ownership of an off-shore firm from Netherlands Antilles.
On a new open competition, which was announced last Friday, the conditions were significantly stricken, so it is practically impossible for the companies which do not have a big turnover or which are not in tourism to take participation in the open competition.
The participants have to be the owners of at least 5 hotels of category of 4 or 5 stars in at least three states, or to prove that in the last three years they have achieved a positive gross financial result and had the turnover of at least 100 millions of euros. If the offers is submitted by a consortium, at east two of its members who together have 51% of the share, have to fulfill one of the two criteria. “Vektra” from Podgorica” fulfils the conditions about the positive dealings in the last three years and the turnover of at least 100 millions of euros, which is enough for them to take part in the open competition.
“Vektra” on the last open competition offered 11, 1 millions of euros for 59% of the stocks of “Boka” with the obligation of investing another 16 millions of euros. Famous Meat investment offered 15 millions in cash and twice as much of investments, Hungarian Hunguest hotels were ready at that time to pay for the state stocks of “Boka, 10, 41 million of euros with the investments of 30 millions of euros. On a previous competition the firm Samit from British Virgin Islands also applied which offered 8 millions in cash and 20 millions of investments, but their offer was immediately dismissed because it was legally incorrect.
HTE “Boka” in this moment is one of the most attractive companies which the state has the intention to privatize, in its ownership it has three hotels on the very shore – “Plaza” (BEACH), “Igalo”, and “Tamaris”, several restaurants, motels, cafés and business spaces. The facilities of “Boka”, as it is stated in the internal documentation of the company, spread on over 100.000m2 of land. They have 17.000 guests per year. Hotels are in a bad shape and the investments are the condition for the company to stand on its own foot.
The capacity of the hotels in the ownership of “Boka” is about 1.450 beds. After the state, which has a little bit above 59% of the stocks, the biggest owners are Hungarian firms Foras RT (16, 76%), to them close Hunguest hotels (16, 58%), citizens, workers and the buyers from the stock market who have about 6, 6%.
Hunguest hotels several years ago bought hotels “Topla” and “Centar” (CENTER), which at that time were the ownership of “Boka”, and which are now renewed and united in one complex.