14. 06. 12. - 16:14
Hochkar Ski resort in recievership
The Austrian ski resort of Hochkar has gone into receivership proceedings.
According to an organisation for the protection of creditors, KSV 1870, the debt of the organisers of the ski resort loved by the Viennese because of its close proximity is around 10 million Euros.
The regional government in Lower Austria is reported to be considering getting involved in a rescue package together with the Schröcksnadel-Group.
The last two winters have been particularly tough for ski areas in Lower Austria where as a result of the economic crisis fewer people have invested in a skiing holidays. In addition the weather and snow situation were not ideal in the region, which was the problem that hit Hochkar.
That meant that although in 2008 there were 250,000 guests, last year it was only 147,000.
Hochkar Sport-GmbH & Co KG Manager Katharina Putz confirmed the receivership proceedings had been started.
The company has 26 staff and 70 creditors who are affected.
In 2005 the region invested 3 million Euros in extending two lifts.