Podgorica – The signing of the contract about the lease of hotels Sveti Stefan, Milocer, and Kraljicina plaza to Singapore company Aman resorts will be postponed because of technical reasons – it was said from the Ministry of tourism.
From the Ministry last week it was announced that the contracts will be signed in Monday on the 15th of January when the taking over of the facilities was supposed to occur. In the last few months terms for signing of the contract were announced, but every time they were postponed because of “technical reasons”.
– There is nothing controversial. The contracts will soon be signed. There are some technical questions which need to be solved as a precondition for signing. That is the payment of the first rate and delivery of the guarantee which will be valid until the beginning of the investments – it is claimed in the Ministry of tourism, with the remark that since the day of the beginning of the investments Aman will deliver a new guarantee, in the amount of 40 millions of euros which is the sum planed for the investments in hotels.
The year’s lease in the period of the reconstruction of the hotels will be 1, 95 millions of euros. In the first year of business the lease for three facilities will be 2, 1 million of euros. The lease will also be harmonized with the inflation rate, and depending on the success of the business the lease will be even bigger because it is connected to the income.
Aman will take over also 220 employees of whom 186 of them work in Sveti Stefan and Milocer. These two hotels are property of Budva Riviera, and Kraljicina plaza is State’s property. Kraljicina plaza will be collapsed, and on its place they will build a new luxurious hotel. All the facilities after the period of the lease will again be returned under the management of Budva Riviera and the state.