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 29 June 2004
Grand Hotel Park d.d., Dubrovnik | Public Invitation to Tender by Submission of Bids for the Purchase of Shares in the Company
 The Government of Croatia (GoC) is pursuing a policy of privatizing state-owned companies in a wide variety of industries, including tourism. The GoC, represented by the Croatian Privatization Fund (CPF) as owner of Grand Hotel Park d.d., has indicated its willingness to sell a majority stake in Grand Hotel Park. The shares of this company will be offered for sale to potential investors through a competitive tender process, organized and run by the CPF.
Grand Hotel Park is situated on the Lapad peninsula in Dubrovnik, 150 meters from the city’s beaches. The distance to the central attractions of the Old Town is approximately 4km, 25km to Cilipi Airport. Public transport is available near the hotel. The hotel is easily accessible by car and has parking for approximately 70 cars. Grand Hotel Park d.d has three buildings: three-star Hotel Park and two-star hotel annexes (“Kamena Kuca” and “Stara Kuca”). The company also owns a part of the nearby house, used by Lapad restaurant. There are 162 rooms, all air-conditioned and equipped with mini-bars. The annexes offer an additional 70 rooms. More information can be found on the company website: www.grandhotel-park.hr
The deadline for submission of bids: September 13, 2004 by 14.00 Hours.
The Croatian Privatization Fund (CPF) was established to implement and complete the privatization of former socially-owned enterprises, assets and legal persons in its portfolio wherein the state institutions (State Agency for Bank Rehabilitation and Guarantee of Saving Deposits (DAB); Croatian Pension Insurance Institute (HZMO), Croatian Health Insurance Institute (HZZO); HEP; INA; Croatian Bank for Reconstruction and Development (HBOR) hold shares and business interests.
RELATED DOCUMENT
ORGANIZATION
 Croatian Privatization Fund (CPF)
http://www.hfp.hr/default.asp?ID=4
Ivana Lucica 6
Zagreb, 10000
Croatia
Phone: +385 1 4569 111
Fax: +385 1 4569 140
Email: investcroatia@hfp.hr
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