Home » Business » One Of Croatia’s Former Luxury Hotels Up For Sale

One Of Croatia’s Former Luxury Hotels Up For Sale

It was once one of Croatia’s most luxurious hotels, and now Hotel Belvedere in Dubrovnik is up for sale. The completely devastated hotel, which is now bankrupt, will be sold at public tender with a starting price of 126.9 million kuna (16 million euros), reports daily Jutarnji list.

The hotel, which has a prime location in what is the tourist capital of the country, will be sold at public tender on 22 March at the offices of Zagreb public notary Jozica Matko-Ruzdjak. Experts say that the devastation of the hotel is so bad that it would be impossible to simply renovate. They believe that knocking it down and building from scratch is the only solution.

Participants in the tender need to pay a 10% deposit of the starting price 24 hours before the start of the tender. The hotel can not be sold under two-thirds of the advertised starting price.

Share on:
0 / 5 (0 votes)

Sign up to receive the Croatia Week Newsletter

Related Posts

Dubrovnik Set to Lower Daily Tourist Limit in Old Town to 4,000?

Dubrovnik is aiming to cut in half the number of visitors permitted to enter its historic UNESCO-protected centre from 8,000 to 4,000 after placing the restriction for the first time this summer. Earlier this year, after a recommendation from UNESCO that the Old Town of Dubrovnik should not have more than 8,000 people in it...

A Guide to Mastering Dalmatian Fjaka

  By Loreta Kovacic Anyone who has spent time on Croatia’s Dalmatian coast will know that the area is home to some fabulous traditions and interesting phenomenons. One of those phenomenons is Fjaka. Fjaka, a slang term for a particular relaxed state of body and mind, can best be described as the ‘sweetness of doing...

Youngsters From Croatian Communities Abroad Volunteering in Croatia

Around 30 young people from Croatian communities around the world are currently in Croatia for the next few weeks volunteering. Youngsters from South and North America, as well as other nations from around the world, are have been volunteering in Croatia as part of ‘Eco Heritage Task Force 2017’ organised by the Croatian Heritage Foundation....

Top 10 Companies in Croatia Revealed

The Top 10 companies in Croatia based on revenue generated have been revealed with oil giants INA again topping the list. INA, who has been the number one firm based on revenue in Croatia for the last 10 years in a row, generated 15.1 billion kunas in revenue last year, putting it at the top...