No buyers for 'Mediterranean' at lower price - Nobody wants the luxury hotel in Becici

For the offer for sale of luxury Becici hotel "Mediterranean", with the starting price of EUR 53.73 million, no one has reported.
The bankruptcy administration has announced to Mina-business agency that the new ad for the property of Budva company "Maestraltours", including hotel "Mediterranean", would probably be published next month.
Offers should have been delivered to Podgorica Commercial Court by 29 July, at noon.
Hotel "Mediterranean" was offered for sale with a starting price of EUR 53.73 million, and the price was by 4.76 million lower than at the previous tender. In addition to the hotel, "Mediterranean", it was also offered for sale a production-technological and other equipment at a cost of 2.19 million euros, cadastral plot of 484 square meters for € 320,120 and the yacht "Cranchi Atlantique 40" for € 198,150.
Hotel "Mediterranean" is categorized as a four star plus. The hotel has 230 rooms with 547 beds, hotel and a la carte restaurant, coffee shop, beach restaurant-pizzeria, lobby bar, two restaurant gardens, a nightclub / cabaret, outdoor and indoor swimming pool with a spa and wellness center, fitness club, beauty and hair salon , convention center, water park, fountains, etc..
Bankruptcy was introduced in June last year, because of the many millions worth of debt. Company account was blocked for five years because of the debt of EUR 4 million.