Business | July 5, 2001, Thursday // 00:00

The Privatisation Agency will open new sale procedures for the hotels, restaurant and auxiliary facilities of the Sunny Beach sea resort. Instead of the negotiations with potential buyers, the agency will sell 14 hotels, 2 tennis courts, five eateries and one laundry through open bidding auctions, agency Executive Director Hampartsoumyan said. Only the open-air theatre will be sold through negotiations. The deadline for the purchase of tender dossiers and the holding of the bidding procedures is pushed back to September 15-30. The ownership rights will be transferred in October. Hampartsoumyan explained the decision of the agency with the concern of the some candidate buyers caused by the declaration of the Simeon II National Movement urging to suspend major privatisation procedures. In late May, the agency decided to sell the Sunny Beach hotels through negotiations with potential buyers. The original deadline for the purchase of tender documents and the submission of offers was set for June 25-July 16. In the period between those two dates, the restaurants and tennis courts were supposed to be sold through open biddings. The indicative price for the hotels ranged between BGN 445.230 and BGN 7.080.000.

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