April 24 (SeeNews) - Croatian hotel operator Imperial said on Tuesday it has concluded a long-term deal with local lender Zagrebacka banka (ZABA) for a 50 million kuna ($8.2 million/6.7 million euro) loan.
The loan will fund the company's planned investments in 2018, Imperial said in a Zagreb bourse filing.
It gave no further details.
Imperial said in November its supervisory board approved investment of 71.59 million kuna in 2018. A large part of the funds will go towards development and repositioning of the Grand Hotel Imperial into a new four-star Valamar Collection Imperial Hotel.
Imperial will also continue to invest in its premium campsites, San Marino and Padova III, as well as into the continued digitalisation of its facilities.
(euro=7.41695 kuna)
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