As Poslovni Dnevnik writes on the 4th of May, 2019, Vukovar Mayor Ivan Penava and the CEO of the Swiss company Immo Invest Partner, Džek Djordić, signed a contract on the sale of the Dunav (Danube) Hotel in Vukovar on Saturday, and the Swiss company has thus announced the construction of a new four-star hotel, in which it will invest a massive 200 million kuna.
"This is a strategically important property in Vukovar, the building of the former Dunav Hotel, which has attracted a lot of interest from the public," stated Penava, pointing out that the building is located in an extremely valuable location at the very mouth of the Vuka along the Danube, but also because it involves a building that has not been in function for nine years now.
He added that the city, owing to the fact that the hotel had remained totally out of use for a long time, bought the former Hotel Dunav in order to sell it to a hotel business that had already established its branch office in Vukovar. The city will do everything to make the investor feel welcome with their investment which is strategic and considered to be at the state-level.
Deputy Mayor Marijan Pavliček recalled that the City of Vukovar had purchased Hotel Dunav for 10.3 million kuna, while a price of 10.7 million kuna was asked for at the public tender, and the aforementioned Swiss company offered 11.3 million kuna and paid the difference in accordance to the higher requested price.
"The investors are obliged to collect all of the necessary permits in the next eighteen months after which the parcel will be handed over to their ownership, after which a seven-year legal deadline for the construction and commissioning of the facility comes into force," Pavliček said, adding that the investors have promised a significantly shorter implementation deadline, more specifically until the year 2023.
Pavliček emphasised the fact that this is the biggest investment after the Homeland War in the tourist sector of Vukovar, which will open up welcome new jobs.
Immo Invest Partner's CEO Džek Djordić announced the construction of a four-star hotel with about 120 rooms, 240 beds, and which will include several restaurants, offices and a multimedia space in which about 200 million kuna will be invested, and the hotel should be open in 2023.
Immo Invest Partner Board Member Petar Đorđić thanked the mayor and his deputy for their engagement in the realisation of this deal and said that all those involved are great optimists and that the entire investment will be realised within the anticipated deadline.
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