Third attempt at sale of Hotel Ozren in Niska Banja falls through – New public bidding on May 25

Hotel Ozren in Niska Banja was not sold at the third public bidding, as there had not been any bids, just like the first two times, the Tax Administration confirms.

– Another call will be placed and if the hotel is not sold this way until May 25, we will try to sell it through direct bidding – the Tax Administration said.

The value of Ozren has been estimated at RSD 198 million, but it can't be sold for under 75% of the initial value, that is, under RSD 148 million at the public bidding.

Hotel Ozren is being sold as part of the enforced tax collection from the Ruma-based company Redwood, directly connected with Uniworld, belonging to Srba Ilic, an American businessman of American origin. Uniworld bought the Nis-based company Srbijaturist, which owned Ozren at the time.