Ministry of Finance has organized public call for tenders for the 30-year lease of 24.751 square meters in Đuraševići, near Tivat. The investor who wins the tender is obliged to build exclusive five-star hotel with accompanying amenities.
These parcels in Đuraševići are currently registered as pastures and third-class forests.
According to the requirements of the tender, minimal price of lease amounts to €64.250 at annual level.
All interested parties can take part in the tender, including consortiums, that buy Tender documentation and sign the Statement on the protection of the confidentiality of data.
Fee for the purchase of tender documentation is €30.000.
Bidder is required to pay deposit or submit bank guarantee in favor of the Ministry of Finance in the amount of €100.000, issued by the bank which has at least BBB rating, according to Standard and Poor’s agency or by the bank approved by Tender commission.
The state has offered strict bidding criteria divided in two columns, A and B.
According to A requirements, a bidder must be national or international hotel operator and famous and internationally recognized operator with at least two hotel complexes, five-star category, or mist have experience in projecting and managing marinas and navigation.
In accordance with same requirements, a bidder shall have at least five years of continuous experience in planning, development and management of five-star hotels and must also have at least five years of continuous experience in management and projection of marinas and navigation.
The future investor must show it has financial ability and necessary funds for the realization of the project. The investor shall prove that it has achieved at least €5 million profit in the last year of operation.
According to the requirements, bidder must have property of at least €30 million value.
In addition, investor must have proof that it had at least €20 million if profit over the past five years of operation.
Bidder shall have Letter of intent or agreement on management signed with the renowned company which owns or manages at least two five-star hotels and/or resorts as well as Letter of intent or agreement on management signed with the company experienced on projection and management of marinas and navigation.
The bidder is expected to offer minimal price in the amount of €64.250 at annual level and to submit Investment program outlining structure and dynamics of investments.
Investment program must be insured by acceptable bank guarantee.
