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Maestrali Hotels goes into privitisation Maestrali Hotels goes into privitisation Zeljko Tutnjevic

Largest state hotel chain in Dubrovnik goes into private hands

By  Jan 19, 2018

The largest state owned hotel chain in Dubrovnik, Maestrali, has been sold to a company from the Czech Republic. The government has accepted a bid from the Czech company J & T IB Capital Markets for 114 million Kuna reports Dubrovacki Vjesnik.

Although the news is still unofficial the Ministry of State Property has reported the news and apparently it is only a matter of formalities and the contract will be signed.

The Czech company has offered 114 million Kuna for almost 60 percent of the shares in the hotel chain in Lapad which includes five hotels on the coastline.