Zagrebački Holding tries again to sell hostels and property

Zagrebački Holding is making its third attempt to divest itself of non-operational assets, putting three valuable properties up for sale. The company aims to offload two hostels and a house, with the bidding deadline set for August 3. This move follows previous unsuccessful attempts to sell these properties, indicating a persistent challenge in finding buyers for the underutilized assets.

The properties include the "Jelen" hostel in Skrad, Gorski Kotar, with a starting price of €293,700, and the "Halugice" hostel in Punat on the island of Krk, which has a significantly higher starting price of €1,607,000. The third property is a house with three buildings and a yard in Zagreb's Nova Cesta, with a starting bid of €232,000. The hostels, part of the Vladimir Nazor subsidiary, have been non-operational for a considerable time.

Previous sales efforts for the Skrad and Krk hostels have fallen short. In 2020, the Halugice hostel was offered for approximately €919,000, and the Jelen hostel for around €370,000. The current sale attempts reflect a renewed effort to liquidate these assets, with the company hoping for "third time's the charm" after earlier tenders yielded no interested parties.

The "Halugice" hostel in Punat is described as being in a desirable location, comprising five buildings on 1,768 square meters of land. It features a two-story building with various room configurations and communal facilities, along with a garden and an outdoor dining area. The "Jelen" hostel in Skrad, once a popular winter destination, is now in a dilapidated state, with its market value declining over the years. The Zagreb property consists of a house and three additional buildings on 177 square meters, with a 218 square meter yard.