Miločer is under blockade due to a debt of millions

The municipality of Budva placed three mortgages on the century-old Miločer park and blocked the account of HTP "Miločer". Salaries for employees have not been paid for a year, and there are no telephones or internet in the offices

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Hotel "Kraljičina plaža" under construction, Miločer, Photo: Vuk Lajović
Hotel "Kraljičina plaža" under construction, Miločer, Photo: Vuk Lajović
Disclaimer: The translations are mostly done through AI translator and might not be 100% accurate.

The municipality of Budva has blocked the century-old Miločer park due to a debt of almost one million euros, because the government company Hotelsko turistić predzujeno (HTP) "Miločer" does not pay the real estate tax.

This is the amount of the three mortgages, which were registered in the cadastral records in the past three months, as confirmed by the real estate documents that "Vijesti" had access to.

At the same time, the Municipality blocked the account of that once successful hotel company, which after 2007 "Kraljičina plaža", villas and land complex leased for four decades to the company "Adriatic properties" experienced a downturn.

After at the end of July, the Administration of Local Public Revenues of the Municipality of Budva registered a mortgage on the land complex in Miločerski Park, on which the new hotel "Queen's Beach" is being built, as well as villas, because the company, which is in financial collapse, did not pay 226.501,58 euros real estate tax, two more blockades followed.

At the beginning of September, according to the real estate list, a new mortgage was registered in the name of the tax debt.

"Mortgage in the total amount of EUR 240.376,72 in favor of the Municipality of Budva, a decision on securing the tax claim of the Administration of Local Public Revenues of the Municipality of Budva, the property of HTP Miločer", the real estate listing reads.

Only ten days later, the Municipality of Budva blocks this complex again, for as much as half a million euros.

"Mortgage in the total amount of EUR 502.513,40 in favor of the Municipality of Budva, a decision on securing the tax claim of the Administration of Local Public Revenues, the property of HTP "Miločer"", it says in the latest mortgage.

They are in an extremely difficult financial situation, they confirmed to the "News" in HTP "Miločer", stating that their account has been blocked for more than 1,3 million euros by the Compensation Fund, the Tax Administration and the Municipality of Budva.

They stated that salaries for employees have not been paid for a full year, and that there is no money because the tenant, the company "Adriatic Properties" has not paid a single cent in rent for a full year and a half.

As they state, they sent the sixth quarterly installment on October 1, and the debt exceeded half a million euros.

There are no telephones or Internet in the offices, they do not pay their loan obligations to Universal Bank, and their debts are increasing day by day.

The old hotel "Kraljičina Plaža" was demolished and a concrete structure of the future hotel was built in its place and on the lot next to it, but the work has stopped for the third year, since the arbitration proceedings before the Tribunal in London. The works did not continue even on October 1, when the construction season began after the summer ban.

The company "Adriatic properties" has concluded a contract with HTP "Miločer" on the multi-decade lease of the former hotel "Kraljičina plaža" and land, in whose name it pays 87 thousand euros per quarter. This is the only income of "HTP" Miločer", which has two employees, a director and a business secretary, as well as a three-member board of directors.

Due to the overall situation and the lock that has been on the city hotel "Sveti Stefan" for the fourth summer, the locals requested the termination of the contract, and their initiative was supported by the Deputy Prime Minister Nick Djelosaj. The government had given Statis' company a deadline to open the hotel complex by the beginning of September or they would terminate the contract.

As "Vijesti" learned, the two sides are still conducting negotiations.

On the other hand, the tenant has repeatedly emphasized that he is ready to open a hotel complex, but the beach usage regime must be agreed beforehand, because their guests must have privacy.

Apart from the Municipality of Budva, the attractive land complex is under blockade by members of the Serbian royal family Karađorđević, who are seeking restitution or compensation before the State Commission for Restitution.

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