You have 5 free articles left this month. Get your free Basic subscription now and gain instant access to more.

Hotelska Grupa Budvanska Rivijera A.D.

Summary

Company ID (NIN)

02005328

Company owner / manager

  • Aik Banka AD
  • State
  • Republic Fund for Pension and Disability Insurance
  • Other

Country

Montenegro

Capital

55,042,000

Total assets

150,852,000

Net profit for the period

1,139,000

Report year

2019

Currency

EUR

Industry

Hotels/Restaurants

Southeastern Europe Company Index (SEECI)

What is SEECI?

General information

About Hotelska Grupa Budvanska Rivijera A.D.

Hotelska Grupa Budvanska Rivijera A.D. is a Montenegrin hotel management company.

As of March 2021, the company’s shares are included in Montenegro Stock Exchange’s blue-chip index MNSE 10.

 

Last updated on Mar 10, 2021.

Meta info
Status
Active
Legal form
Joint Stock Company
Incorporation date
Jan. 1, 1990
NIN
02005328
Tickers
BUDR
Stock Exchange
Montenegro Stock Exchange
ISIN
MEBUDRRA1BD8
Profile last updated
March 10, 2021, 4:04 p.m.
Alternative names

    Hotelska Grupa Budvanska Rivijera JSC;
    Hotel Group Budvanska Rivijera JSC;
    HG Budvanska Rivijera;
    Budvanska Rivijera

History

    1990 – Hotel management company HTP Budvanska Rivijera is established as a state-owned joint-stock company, based in Budva, southwestern Montenegro.

    July 30, 2001 – The company sells its Maestral hotel in Montenegro to Slovenian tourist company Hit d.d. for EUR 4.9 mln.

    June 2003 - The Agency of Montenegro for Economic Restructuring and Foreign Investments sells the company's hotels Mediteran and Montenegro. Mediteran is bought by local Maestral Tours D.O.O., based in Budva, for EUR 3.839 mln. The Montenegro hotel is sold for EUR 2.93 mln.

    2005 - The Agency of Montenegro for Economic Restructuring and Foreign Investments sells the company's hotel Vile Oliva in Petrovac, southwestern Montenegro, to a consortium comprising Pletzer Anton Leasing und Verwaltungs GmbH (Austria), Montemlin Sajo D.O.O. (Montenegro) and AE Adriatic Express D.O.O. (Montenegro). The deal is worth EUR 13.3 mln.

    2005 – HTP Budvanska Rivijera A.D. sells its hotel Montenegro A to Unis Tours d.d. (Sarajevo, Bosnia and Herzegovina) for EUR 2.0 mln.

    2006 – The Montenegro Government signs a 30-year lease contract with Singapore's hotel and resort chain Aman Resorts for HTP Budvanska Rivijera A.D.'s hotels Milocer and Sveti Stefan.

    2008 - The Agency of Montenegro for Economic Restructuring and Foreign Investments puts for sale a 58.73% stake in HTP Budvanska Rivijera A.D.

    September 2009 - HTP Budvanska Rivijera A.D. changes its name to Hotelska Grupa Budvanska Rivijera A.D.

    November 2010 - The company is awarded Hazard Analysis and Critical Control Point (HACCP) for its four hotels - Slovenska Plaza, Aleksandar, Palas and Castellastva.

     

    Last updated on Mar 10, 2021.

Management

Board of Directors
Sasa Radovic
Chairman of the Board
Petar Ivkovic
Member of the Board
Ratko Vukotic
Member of the Board
Vladimir Sekulic
Member of the Board
Milena Spahic
Member of the Board
Executive Board
Katarina Kazanegra
CEO

Contacts

Address
1, Sunca Sq.
85310
Budva, Montenegro
Telephones

+382 33 451 788
+382 33 402 456

Fax

+382 33 402 459

Emails

reservations@budvanskarivijera.co.me

Websites
www.hgbudvanskarivijera.com

Ownership

Name Direct holding Indirect holding Owner type Country
Aik Banka AD 15.23 Company Serbia
State 41.64 State Montenegro
Republic Fund for Pension and Disability Insurance 12.82 Institution Montenegro
Other 30.31 Other

Subsidiaries and affiliates

Name Direct holding Indirect holding Country

Products and services

Hotelska Grupa Budvanska Rivijera A.D. provides catering, hospitality and tourist services in Montenegro.

Capacity

Access 800,000+
basic

Basic profiles include:

  • General information
  • Contacts
  • Management
  • Ownership
  • Employment
  • Financial Information & Key Financial Ratios
and 4,000+
premium

Additionaly to the content in basic profiles, premium profiles include:

  • Company History
  • Subsidiaries & Affiliates
  • Product & Services
  • Capacity
  • Market & Sales
  • Investment Plans
company profiles

Employment

Access 800,000+
basic

Basic profiles include:

  • General information
  • Contacts
  • Management
  • Ownership
  • Employment
  • Financial Information & Key Financial Ratios
and 4,000+
premium

Additionaly to the content in basic profiles, premium profiles include:

  • Company History
  • Subsidiaries & Affiliates
  • Product & Services
  • Capacity
  • Market & Sales
  • Investment Plans
company profiles

Market and sales

Access 800,000+
basic

Basic profiles include:

  • General information
  • Contacts
  • Management
  • Ownership
  • Employment
  • Financial Information & Key Financial Ratios
and 4,000+
premium

Additionaly to the content in basic profiles, premium profiles include:

  • Company History
  • Subsidiaries & Affiliates
  • Product & Services
  • Capacity
  • Market & Sales
  • Investment Plans
company profiles

Investment plans

Access 800,000+
basic

Basic profiles include:

  • General information
  • Contacts
  • Management
  • Ownership
  • Employment
  • Financial Information & Key Financial Ratios
and 4,000+
premium

Additionaly to the content in basic profiles, premium profiles include:

  • Company History
  • Subsidiaries & Affiliates
  • Product & Services
  • Capacity
  • Market & Sales
  • Investment Plans
company profiles

Financial information

Access 800,000+
basic

Basic profiles include:

  • General information
  • Contacts
  • Management
  • Ownership
  • Employment
  • Financial Information & Key Financial Ratios
and 4,000+
premium

Additionaly to the content in basic profiles, premium profiles include:

  • Company History
  • Subsidiaries & Affiliates
  • Product & Services
  • Capacity
  • Market & Sales
  • Investment Plans
company profiles
Compare