- We are not selling and reselling hotels on Kopaonik mountain – Jaroslav Stupavski,
who is in charge of restructuring of the companies procured by “MK Group”,
including hotels “Grand” and “Sunčani vrhovi”, told “Politika”.
On the occasion of the rumors that "MK group" intended to sell
hotels, Stupavski says that construction-architectural works on improvement of
the level of services in hotel “Grand” and suite complex "Konaci – Sunčani
vrhovi" are in progress. Between 5 and 8m EUR will be invested in
refurbishment of these hotels in 2009, while the investments within the next
two years will reach the amount of 12m EUR.
– With the consent from the Privatization Agency, some outlets and suites in
"Brvenik" will be offered for sale, in accordance with the signed
sales contract, while the obtained funds will be reinvested in the hotel and accommodation
quarters – says Stupavski, who is also an assistant to the President of the
company.
Prior to the beginning of winter season (which is expected to start on
November 15th), refurbishment of 80 rooms and suites in hotel "Grand",
20 of which have already been finished, will be completed. The guests in the
next season will have at their disposal completely reorganized reception desk and
restaurant in the hotel, while famous "Aperitif bar", which is at the
same level as the hotel’s reception desk, will get the new, modern looks, adapted
to fit mountain surroundings. "Havana bar" will also have the new
looks in the new season, as well as pizza place "Garden". The works
on complete reorganization of existing heating and electric installations and
ventilation system are underway.
Innovation in the offer for the next season will be Business center for
business clients of the hotel, as well as reorganized playhouse for kids, adapted
to satisfy the needs of kids and their parents. Construction of the most modern
wellness and spa center in the region, which should occupy the space of 2,200
square meters, will commence soon, but the end of the works is expected in 2010
because of complicated interior, technical and exterior works.
The intention of the management is to have 50 suites in "Zvečan" and
"Ras" completely refurbished, and they should grow into a hotel with
four stars within the next two years, while accommodation "Brvenik" will
be completely reorganized.
Miodrag Kostić, the owner of "MK group", bought aforementioned
hotels in 2008 on the repeated tender because there were no interested bidders
on the first one, so that the price was lowered to 23m EUR in six annual
installments. Actually, he had to pay 30% of the price immediately, while the
rest was to be paid in five equal annual installments.
According to the contract, the buyer’s obligation is to raise hotel "Grand"
to the level of a four-star hotel within the next two years, according to
international standardization. The same category is requested for "Sunčani
vrhovi", but the deadline is three years.
Kostić must stay in hotel business for minimum ten years, and if he wants to
sell the hotels in that period, he must ask the Privatization Agency for
consent. The Agency must also give consent if the new owner wants to sell more
than 15% of the property within the next five years. If more than 15% of the value of the property is sold, obtained funds must be reinvested in hotels and that money can not be used for remaining installments to be paid.
(Note: complete text is taken over from newspaper "Politika" of July
21st, 2009)
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