Lorencin: Investor for Kupare 1 will be known till June

Government made the decision today on publishing the public call for showing the interest of establishment of construction rights and property easements on the location Kupari 1 in Dubrovačko-neretvanska county. Announcement of the call is non obligatory and at the finalization of the procedure of reconstruction of land registry, which is in progress, the procedure of the call for delivery  of obligatory offers will be done, and the decision of investors is expected in the first quarter of 2014.

On the location is planned the construction and reconstruction of hotel-tourist complex at the model of construction rights and easements in the time period of 99 years. On location Kupari 1 there are devastated buildings- former hotel Kupari Goričina 1, hotel Kupari Goričina II, Grand hotel and Pelegrin hotel. It is planned to reconstruct the hotel with total accommodation capacity of maximum 1500 beds, and the amount of investment is estimated on 200 million euro.

The letter with the statement of interest of domestic and foreign investors can be submitted to State office for managing with state property not later than 30 days from the publishing of public call, which will be published on the web pages of the Office and Ministry of tourism.

Minister of tourism Darko Lorencin confirmed that till now the non formal interest for Kupare was shown by Turkish group Rixos, investors from Azerbaijan, Karisma (Karisma  Hotels Adriatic, joined company of business group Karisma Resort International fromMexico, Croatian concern Agrokor and TUI Travel), Hayat and some other companies which already do business on the area of Croatia.

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