Dubrovnik Hotels Maestral finally found a private investor
Director for the acquirer of PND strategija doo Matea Mateković thanked Minister Marić for his cooperation and added: “Our plans are to start the realization of the project as soon as possible, because we believe that the Maestral hotels deserve to have a much better position than they have at the moment. We will take over the business documentation as soon as possible and start preparing the hotel for the upcoming tourist season.” Minister of State Property Goran Marić, Director for the acquirer of PND strategija doo Matea Mateković and Director of CERP Milan Plećaš signed on Tuesday (February 19, 2019) in the Ministry of State Property an Agreement on the sale and transfer of shares Hotels Maestral, worth 153,5 million. these are a total of 60,65% of shares, which have so far been owned by the Republic of Croatia. After many years of agony, eight tenders, purchases and the withdrawal of investors, and due to unresolved legal relations, the status of the Hotel Maestral was finally resolved, which found its new private investors. On the occasion of signing the contract, Minister Marić said: “This is a great success, after eight failed competitions and the ninth round, the process has finally been successfully completed. The Board of Directors of CERP made a decision to accept the most favorable offer and thus completed the privatization of the last hotel complex in the Republic of Croatia. In the last three tenders of the hotel and tourism sector, we have secured around HRK 600 million and more than HRK 2,5 billion in investments in the state budget. We expect the buyer to access the business plans for investment and raising to the highest possible level of hotel categorization as soon as possible, because it is inadmissible for Dubrovnik to have one or two star hotels.. “Maric pointed out. Hotels Maestral in its portfolio consists of five hotels in Dubrovnik, with a total capacity of 472 rooms, with 931 beds (hotel Uvala **** (51), hotel Splendid *** (59), hotel Komodor *** (63), hotel Vis *** (142), Hotel Adriatic ** (107) and the pavilion Adriatica Rooms ** (50)). All of the Company’s hotels and rooms at Adriatica Rooms are located next to each other in the western part of Dubrovnik, in the Lapad Bay, only 3,5 km from the historic center and approximately 25 km from Dubrovnik Airport.