First luxurious hotel Hilton will be built in Sarajevo soon. It will be located in Sarajevo Old Town, next to the city Cathedral.
Sarajevo municipality Old Town signed the contract with company KOL, which became owner of the parcel where the hotel will be built.
Municipality sold its 65 percent share of ruined building to company owned by Fatih Kol for 3 million KM (1,5 million Euros). Kol earlier bought 35 percent share from Zlatko Krainovic.
The construction of the hotel will start in September, and should be over in 18 months.
The total value of investment is 10 million Euros (without money for buying the parcel).
