Department of the Legislative Assembly, Northern Territory Government

Sol Hotels (Australia) Pty Limited's acquisition of Sheraton Hotels

1. Did the Ludvik Berger-controlled company, Sol Hotels
(Australia) Pty Limited, acquire the two Sheraton Hotels by
buying shares in the Northern Territory Government-owned
company, Darwin International Hotels.

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2. What was the value of the total accumulated tax losses of
Darwin International Hotels at the time of sale to Sol
Hotels (Australia) Pty Limited.

3. Was the net value of tax losses to Ludvik Berger as a tax
deduction greater than the $22.2 million purchase price for
the two hotels.

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Last updated: 04 Aug 2016