The Belgrade Commercial Court has ruled that “Hotel Golden Hill”, previously known as Hotel Šumadija, will enter bankruptcy due to its inability to pay its debts. The decision was made following a request to initiate the procedure, citing the hotel’s prolonged financial troubles.
The court’s decision, published on the website of the Bankruptcy Trustees Licensing Agency, highlights that the hotel has been under continuous financial blockage since May 27, 2019. As a result, it was proposed that bankruptcy proceedings be opened. The document further reveals that the hotel currently has no employees and that its only asset, a real estate property, is leased.
As of March 9, 2025, the hotel’s debt totals 372.3 million dinars, with the debtor’s account having been blocked for a total of 1,827 days. According to the Agency for Business Registers, the Golden Hill Hotel, located in the Čukarica district, spans a business area of 1,091 square meters, with land covering 1,377 square meters, and a residential space of 14 square meters.
