Yubriv acquired Teuta Hotel from HTP Onogost AD, Niksic for €6.5 million.

HTP Onogost ad Niksic u stecaju is a Montenegro-based company engaged in the tourist industry. It operates three hotels in Montenegro: Teuta in Risan, Onogost in Niksic and Niksic in Sutomore. Hotel Onogost operates 256 beds and a restaurant with 210 sitting places inside and 60 places on the terrace, a tavern with 300 seats and 450 seats on the terrace, 2 banquet halls one of which can accept 45 quests and the other one can accept 75 quests. The accommodation capacity of a hotel Teuta in Risan is 309 beds in double and triple rooms and apartments. The hotel also operates a restaurant, aperitif bar and two banquet halls. Hotel Niksic in Sutomore has 304 beds in double and triple rooms with bathrooms, rooms are air conditioned with satellite television. The hotel has a restaurant, coffee shop, cocktail lounge and a parking area. The Company also operates a coffee bar Savnik in Savnik. On May 5, 2009, the Company launched a bankruptcy proceeding.