Valamar subsidiary Imperial Riviera announced yesterday that it is to invest HRK 67m in reconstruction of hotel in Makarska to refurbish it with standards of Valamar [PLACES] brand.

According to a statement released yesterday by Valamar’s subsidiary Imperial Riviera, the Supervisory Board of the company gave consent to the Management Board for reconstruction and refurbishment of Dalmacija Sunny Hotel by Valamar in Makarska in a project worth over HRK 67m.

With this investment, the hotel will experience complete reconstruction and refurbishment in accordance with Valamar [PLACES] brand. This brand was for the first time introduced this year in Valamar hotel in Stari Grad on Hvar and looks like it was a success as Valamar is extending this brand to other properties. Note that according to 2020 annual report the Supervisory Board of Imperial Riviere approved investments in the amount of HRK 41m for 2021. It was primarily to be focused on the completion of investments in the Valamar Meteor 4 * hotels in Makarska and the Valamar Parentino 4 * hotel in Poreč to prepare them for the 2021 season. According to their financial statements, the company has invested HRK 20.8m in renovation and maintenance of their properties in the first six months of this year.