The famous basketball player Nikola Peković and his wedding godfather and business partner Duško Šarić made a loss of 569 euros last year running the "Mediteran" hotel in Vičići.
This is written in the financial statement submitted to the Revenue Administration of Montenegro by their partner company "Spencer & Hill Team".
That the corona crisis obviously affected the bad business of these hotel companies is also confirmed by the fact that "Spencer & Hill Team" had excellent business results in 2019, earning 737 thousand, while in 2018 the earnings were 893.436 euros from managing an elite hotel complex.
As stated in the financial statement, last year Peković and Šarić's company earned 1,7 million euros, which is three times less than in the 2019 season. The company's assets are 4,9 million euros.
Bad business results last year were also achieved by Peković's company "Spencer&Hill", to which the hotel "Maestral" was registered in the cadastre.
As written in the financial statement, Peković's company made a loss of as much as 1,6 million euros, which brought the total loss that had accumulated over the years to 4,1 million euros. The company's assets are now estimated at 20,7 million euros.
A former NBA basketball player, the current team manager of the Montenegrin national basketball team, four years ago traded a hotel in Bečići for eight and a half million euros. At the end of July 2017, Peković signed a purchase and sale agreement with the bankruptcy administration of the company "Maestraltours" of Blaž Dedić, a businessman who was linked by the Serbian media to Darko Šarić, who was sentenced to 15 years in prison for drug trafficking.
That he liked the "Mediterranean" was clear four and a half years ago, when Peković organized a gala wedding in this very hotel, and his best man was his longtime friend Duško Šarić.
Previously, Peković became the owner of the two most popular discotheques in Montenegro, Budva's "Top Hill" and Kotor's "Maximus", which he also, by his own admission, bought after the bankruptcy of the companies that managed them.
Peković and Šarić expect to receive permission from the Municipality of Budva to build a five-star hotel on the site of the aqua park and garage within the "Mediterranean" hotel complex.
Back in August 2019, Peković's company submitted a request, and attached an amended conceptual solution, after the Office of the Budva Chief Architect refused to issue approval for three towers of 11 and 15 floors each, which were supposed to rise along the Jadranska magistrala itself, between " Mediterranean" and "Splendid". The company reduced its capacity by a fifth, so the future hotel should have nine floors in two buildings connected by a glass bridge. However, the problem turned out to be that the new hotel should be built on a stream owned by the Municipality, which is why the green light needs to be given by the local parliament. However, for a year and a half, the decision was not on the agenda of the Budva Municipal Assembly.
"Top Hill" is also in the red.
And Peković's company "Top Hill", the owner of the most popular discotheques in this part of the Adriatic, the eponymous open-air discoteque on the hill above Budva and Maximus in Kotor, last year operated at a loss of 217 euros.
The coronavirus pandemic affected that "Top Hill", which years ago was recognized as a center of entertainment, where music stars from the region and the European DJ scene performed during the summer season, was under lock and key last season.
Peković, who is not formally registered in the Central Register of Business Entities as the owner of the company "Top Hill", but the company "Domino investment" from the Marshall Islands, admitted three and a half years ago in an interview with the Serbian media that he was behind this Budva company. company, stating that he bought it at an auction, because it was in bankruptcy.
And the fact that last year was the worst in the business of this company is also confirmed by the fact that its revenues were only 25 thousand euros, while in 2019 it earned as much as 1,2 million euros.
In 2018, Peković's discotheques managed to achieve a positive business result of 18.242 euros, in 2017 the earnings were twice as high, while 2016 and 2015 were unprofitable for this company, as it earned 214.841 and 349 thousand euros, respectively.
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