Arena Hospitality Group announced an investment cycle of HRK 500 million

first_imgIn 2019, Arena Hospitality Group continues the investment cycle and invests HRK 128 million in the Arena Kažela camp. Also, at Verudela in Pula, plans are being finalized for the comprehensive renovation of the Hotel Brioni, which will have a 5-star categorization after the reconstruction. The project starts at the end of 2020 with the aim of opening a hotel in 2022, and it is planned to invest 190,0 million kuna. The hotel will carry the Park Plaza brand, which will position the hotel among the best hotels in the hotel chain. The first part of the investment cycle started last year in the settlement of Pomer, where one of the smaller camps from the group is located, and it was decided to invest in a completely new camping trend. The former Pomer campsite has been transformed into the first Croatian luxury glamping resort – Arena One 99 Glamping.  In Germany, Arena Hospitality Group is finalizing plans to renovate the hotel art’otela berlin kudamm. The hotel is located in Berlin’s famous Charlottenburg district and is dedicated to the works of pop art artist Andy Warhol. The investment will include a complete accommodation part of 152 rooms, and all other hotel facilities. It is planned to invest around HRK 53,0 million.  It was opened in June, and at the end of the season it received a number of prestigious awards such as “Tourist Flower 2018” of the Croatian Tourist Board for Camp of the Year with the best glamping offer in Croatia, and the Golden Goat Award for Tourist Product of the Year. The amount of the investment was HRK 70 million. It is important to point out that this is a 100% glamping concept, the first of its kind in Croatia.  Hotel Brioni, Pula After the completion of the investment, the camp will offer its guests 1.300 spacious pitches and 164 new Premium Camping Home mobile homes. It is planned to invest around 60 million kuna in the tourist resort Verudela Beach in the second half of 2019. Ten accommodation units will be renovated for this season while the remaining 146 units and 20 villas will be renovated for the 2020 season. Upon completion of the investment, the settlement will carry the brand Arena Hotels & Apartments.  Camp Arena Kazelacenter_img In 2019, an investment cycle of HRK 500 million In mid-2017, Arena Hospitality Group raised around HRK 750 million through a public offering on the Zagreb Stock Exchange in order to continue its investment cycle.  Taking into account these investments, Arena Hospitality Group will invest more than half a billion kuna in the period until 2022, which will place it alongside the largest investors in the Croatian tourism sector. “In addition to these investments, further investments in the existing portfolio of the Group can be expected, and in addition, work is being done on the possibility of expansion in the region, and in Central and Eastern Europe.”Conclude from the Group. Strengthening the position in Germany and expanding in Central and Eastern Europe Hotel group Arena Hospitality Group dd, (formerly Arenaturist) currently offers a portfolio of 27 facilities owned, co-owned, leased or managed by more than 10.000 rooms and accommodation units in Croatia, Germany and Hungary.  Interestingly, AHG is the first Croatian hotel company to own and manage hotels outside Croatia and the first with the exclusive right to manage and develop hotels under the internationally recognized brands Park Plaza Hotels and art’otel (Park Plaza, art’otel, Arena Hotels & Apartments and Arena Campsites ).last_img

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