Chinese Investors Give Offer for Communist Party School in Kumrovec

By 7 May 2019

ZAGREB, May 7, 2019 - The Zhongya Nekretnine real estate company has submitted a bid to the State Assets Ministry of almost 14.1 million kuna for the Hotel Zagorje in Kumrovec, northern Croatia, instead of the almost 12 million kuna asked, and the government is expected to decide on the bids soon, the ministry said on Tuesday.

Bids for the property were to be submitted from March 23 until today and Zhongya Nekretnine's is the only complete and valid bid.

The devastated state-owned Hotel Zagorje is a former Communist Party political school which covers 27,000 square metres. Chinese businesswoman Yu Jiang has visited Kumrovec a number of times and said she wants to convert it into a real hotel as well as create a memorial park honouring former Yugoslav president Josip Broz Tito, who was born there.

Yu is behind the Zhongya Nekretnine company. If the government okays the bid, a contract will be signed with her.

More Kumrovec news can be found in the Lifestyle section.