SPA HOTEL THERMAL Karlovy Vary

In the end of 2015, EEIP drafted a restructuring plan for THERMAL-F, a.s. the company owned by the Ministry of Finance of the Czech Republic (MFCR). THERMAL-F a.s. operate a four-star SPA HOTEL THERMAL, one of the most important hotels in Karlovy Vary hosting prestigious Karlovy Vary International Film Festival (KVIFF).

The restructuring plan included analysis of financial and operational data of THERMAL-F, drafting a plan of measures aiming to improve performance of the company, compiling and analysis of financial forecasts and performance of the private investor test.

As part of its services, EEIP also prepared necessary documentation and further assisted MFCR in its negotiations with the Czech Office for the Protection of Competition (the Czech Antimonopoly Office) related to the restructuring plan, i.e. evaluation of the restructuring plan with respect to state aid pursuant to Articles 87 and 88 of the European Community Treaty (EC Treaty).