The company announced an investment plan of roughly HRK 500m. The mentioned plan is stated to be the driver of the growth in the coming period.
Arena Hospitality Group published an announcement on the Zagreb Stock Exchange announcing an investment plan of roughly HRK 500m, which is in line with the company’s previous announcements. The mentioned investment plan is stated to be the driver of the growth in the coming period.
The investment plan includes:
- The repositioning of hotel Brioni, which will start at the beginning of 2020 and will open in the summer of 2021. The hotel will be repositioned into a luxury upscale hotel with 227 rooms.
- Continued investments into Arena Kažela Campsite through a second phase, which has started in October. The first phase of the investment included 164 new luxurious mobile homes, two new pools, reception, new pool bars etc. The second phase of the investment will include a further replacement of mobile homes, repositioning of pitches (which will feature a full infrastructure in prime seaside), refurbishment of public areas etc. The investment will transform this campsite into a modern 4* Camping Resort and on completion will be renamed and relaunched to Arena Grand Kažela.
- Continued investment cycle into the Verudela Beach self-catering apartment resort. Following the initial repositioning of the first 10 accommodation units prior to the 2019 summer season, construction works have started in October where the remaining 146 units of the resort will be fully repositioned.
- The repositioning of the restaurant Yachtclub on the Verudela peninsula, along with the refurbishment of public spaces and rooms in its hotel Park Plaza Histria.