Russian company Nobel oil has bought up the open competition documentation for hotel enterprise Boka from Herceg Nov. Four other companies – Vektra, Hungarian Hunguest hotels, Switzerland Company Jupiter Adria AG, and Budva Monteproject have done that before them.
The open competition for the sale of 59% of the stocks of Boka is closing on the 25th of April. The conditions for the purchase of Boka are pretty rigorous, so the offers of the companies which do not have a big turnover or which are not connected with tourism will not be accepted.
According to the conditions of the open competition only the offers of the companies which are owners of at least 5 hotels of category with four or five stars in at least three state, or which can prove that in the past three years they had the positive financial result and has the turnover of 100 millions of euros can be competing. If a consortium submits the offer, at least two of its members who together have 51% of the stocks have to fulfill one of the two criteria.
On a previous tender, beside Vektra and the Hungarians two companies, which were hard to track applied – Meat Investments from Amsterdam and Sumit from Virgin Islands.
HTE Boka, which has been offered for sale already two times, in its property has hotels: Plaza, Igalo, and Tamaris, several restaurants, motels, cafés, and business spaces.