Which Hoteliers Meet the Criteria to Buy JAT Apartments on Kopaonik: 16 Profitable Companies with Required Revenues

Serbia's Ministry of Economy has initiated the privatization process for JAT apartments located in the popular Kopaonik tourist resort, with a public call for bids issued this week. The state has outlined stringent conditions for potential buyers, aiming to ensure that only financially sound and established domestic companies can acquire the property.

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The Ministry of Economy has published a public call for participation in the procedure of public collection of offers with public bidding for the sale of capital of the privatization subject JAT apartments Kopaonik.

To be eligible, a company must be a domestic legal entity registered for hotel and similar accommodation services. Crucially, it must have achieved both operating and net profit in 2025 and recorded business revenues of at least 700 million Serbian dinars (approximately $6.4 million USD) in the same year. These requirements effectively narrow the field of potential bidders.

Out of 18 domestic companies that met the revenue threshold, only 16 ultimately qualify, as two reportedly operated at a loss in 2025. This selective process highlights the government's focus on securing buyers with proven financial stability and a track record in the hospitality industry. The article lists the top contenders based on their 2025 financial performance, with CORP. JVJV DOO Novi Sad leading in business revenue at 5.3 billion dinars and a profit of 246.6 million dinars. Other significant players include DELTA HOSPITALITY, ALCO GROUP HOTELI, and HOTELIJERSKO AD BEOGRADSKO MEŠOVITO PREDUZEĆE, all boasting substantial revenues and profits.

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The right to participate is exclusively held by a domestic legal entity that conducts the activity for which it is registered and the Privatization Subject - hotels and similar accommodation (activity code: 5510).

The privatization of JAT apartments is a significant move for the Serbian tourism sector, particularly for the Kopaonik mountain resort, which is a major destination for both domestic and international tourists. By setting these specific financial benchmarks, the state aims to attract serious investors who can contribute to the development and maintenance of these valuable assets, ensuring their continued operation and potential expansion.

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Also, the future owner can only be a company that independently achieved business and net profit in 2025, and independently achieved business income in 2025 in the amount of at least 700 million dinars.