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Croatian hotel operator Jadran expands accommodation capacities

Author Iskra Pavlova
Croatian hotel operator Jadran expands accommodation capacities Basko Polje campsite of Croatia's Jadran, at Baska Voda municipality. Photo: Jadran

ZAGREB (Croatia), February 21 (SeeNews) - Croatian hotel operator Jadran [ZSE:JDRN] said it has increased its capacities by 403 accommodation units with the signing of several leasehold contracts.

In particular, Jadran signed a 3-year leasehold agreement with immediate effect for Novi Vinodolski-based Hotel Lisanj and Hotel Horizont which offer an overall 60 accommodation units, Jadran said in a filing with the Zagreb bourse on Thursday.

It also signed a 15-year leasehold deal for Baska Voda-based Hotel Noemia with 63 accommodation units, with the deal to take effect as of June 1. In addition, Jadran is taking Umag-based Garden Palace Resort Bella Natura with 112 apartments on a 10-year lease as of April 1.

Crkvenica-based Jadran has a 55-year long tradition in the domestic tourism industry and now operates 9 hotels and resorts with over 2,500 beds and 2 auto camping sites with 1,700 places along Croatia's Adriatic coast, the company says on its website.

Jadran's shares traded 2.35% higher at 15.25 kuna ($2.2/2.0 euro) by 0920 CET on Friday on the Zagreb bourse.

(1 euro = 7.44845 kuna)