Rommance Hotel is located at 16 Nguyen Thai Hoc. Photo: AD

The assets to be auctioned include the 4-star Romance Hotel located at plot number L6E, 14 Nguyen Thai Hoc Street, Phu Hoi Ward, Hue City, along with plots number 141, 146, 147, map sheet number 13, located at 16 Nguyen Thai Hoc Street, Phu Hoi Ward, Hue City.

The initial price is over 127,504 billion VND. The starting price includes income tax from land use rights transfer, excluding VAT on assets, excluding registration fees for land use rights transfer and asset ownership. The deposit is 7 billion VND, each bidding step is 1 billion VND and will be calculated from the 2nd round.

Auction documents are sold and received directly from the listing date until 5:00 p.m. on June 7, 2024. The auction will be held at 3:00 p.m. on June 10, 2024 at the hall of the Provincial Property Auction Service Center, located at 17 Nguyen Van Linh, Hue City.

Another hotel located in a prime location on Doi Cung Street, Hue City, which is also being auctioned is the Midtown Hotel.

Midtown Hotel has 13 floors plus a semi-basement and mezzanine, meeting 4-star standards, located at 29 Doi Cung Street according to the Certificate of land use rights, house ownership rights and other assets attached to land No. CL 263565 issued by the Department of Natural Resources and Environment of the province on September 4, 2019 to Thanh Trang Company Limited.

STC Joint Stock Auction Company No. 2 in coordination with the Hue City Civil Judgment Enforcement Department is announcing the organization of an asset auction with a starting price of over VND 105,008 billion.

The auction will be held at 8:30 a.m. on May 30, 2024 at the Hall of Joint Stock Auction Company No. 2 STC - 5th Floor, No. 25 Nguyen Van Cu, Vinh Ninh Ward, Hue City.

The auction of the above buildings aims to ensure the enforcement of judgments of long-standing disputes and lawsuits that have been tried by the Provincial People's Court.

THAI SON