Bratislava To Sell Hotel Share for Just EUR 26,000
A recent report by daily SME points to what could be an advantageous acquisition for ice hockey association head, Juraj Siroky, who has long been regarded as one of the sponsors of the standalone government Smer-SD party.
The latest deal involves Bratislava City Council selling off its 40% of shares in the company that owns the Double Tree hotel, which was built alongside the new hockey stadium in preparation for the Ice Hockey World Championships.
The city of Bratislava holds a 40% stake in the company Tehelne Pole, which in turn owns the hotel, with the city council giving the thumbs up to ‘get rid’ of its assets for just EUR 26,000, giving Siroky full control over the lucrative property. The city council already decided last week to sell off the land under the property to Siroky for EUR 1 million.
Bratislava mayor Milan Ftacnik is holding his hands up in innocence, however, saying the hotel was generating a loss and so was better sold off, even at such a low price.
Some experts, however, point out that this is without taking into account the fact that the hotel was only recently built and how it is easy to stay in the red for the first few years of operation.