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'RAGUZA' TAKES 'PELICO INDUSTRY'S' OFFER FOR PURCHASE OF 'DUBRAVKA'

DUBROVNIK, Jan 15 (Hina) - The supervising committee of the "Raguza" tourist company on Monday accepted the offer of "Pelico industry", Belgian branch office of Turkey's group "Uzel Turizm vericaret", for the purchase of the "Dubravka" hotel, the only hotel inside of the historical centre of the southern Adriatic town of Dubrovnik. According to "Raguza" director Miljonko Sikic, th offer amounting to DM5.1 million was the best one received, and the first instalment amounting to DM2.5 million should be paid by January 31, while the deadline for the remaining DM2.6 millions is September 30, 2000. "Our company is facing great financial difficulties and if this was not the case we would not be selling it in the first place", Sikic said. "Dubravka" is the only hotel in the historical centre of Dubrovnik and includes 1,100 square metres. After the reconstruction, which should star
DUBROVNIK, Jan 15 (Hina) - The supervising committee of the "Raguza" tourist company on Monday accepted the offer of "Pelico industry", Belgian branch office of Turkey's group "Uzel Turizm vericaret", for the purchase of the "Dubravka" hotel, the only hotel inside of the historical centre of the southern Adriatic town of Dubrovnik. According to "Raguza" director Miljonko Sikic, th offer amounting to DM5.1 million was the best one received, and the first instalment amounting to DM2.5 million should be paid by January 31, while the deadline for the remaining DM2.6 millions is September 30, 2000. "Our company is facing great financial difficulties and if this was not the case we would not be selling it in the first place", Sikic said. "Dubravka" is the only hotel in the historical centre of Dubrovnik and includes 1,100 square metres. After the reconstruction, which should start by the next tourist season, it will have 18 bedroom. (hina) it

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