This is the debt of customers Thanh Trang Company Limited, Viet Trang Beverage Company Limited, Hoang Lan Company Limited, including all outstanding principal and outstanding interest, fees incurred up to the time of debt purchase and sale transaction. The total outstanding debt as of April 18 is nearly 188.7 billion VND, of which the outstanding principal is nearly 124.3 billion VND and the outstanding interest is 64.4 billion VND.
Midtown Hotel in Hue is among the collateral assets announced for auction by BIDV .
There are 4 assets securing the debt. These are the land use rights with an area of 517m2 and the ownership of the construction on the land, which is a 4-star hotel with a construction area of 417.8m2 and a floor area of 5,850.8m2 at 29 Doi Cung, Phu Hoi Ward, Hue City. These are assets owned by Thanh Trang Company Limited, securing the loan of Thanh Trang and Hoang Lan companies.
Currently, the above address is the location of the 14-storey Midtown Hotel, located right in the center of Hue City, a 5-minute walk from the Perfume River and a 20-minute drive from Thuan An beach; 200m from Dong Ba Market and 2km from Ca Hue. The hotel is only 12km from Phu Bai Airport while the picturesque Kim Phung and Ngu Binh mountains are only 7km away... The average price for a double room is about 1 million VND/night depending on the room type and length of stay.
The starting price for this debt (corresponding to all the above-mentioned secured assets) is over 168.7 billion VND, excluding costs related to the transfer of ownership/use of assets, registration fees and other fees, costs, taxes... arising from the purchase and sale of the debt (if any). All of these costs are borne by the auction winner.
The auction is scheduled to take place on the morning of May 15 at the headquarters of Ben Thanh Auction Company (HCMC).
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