November 27 (SeeNews) - Croatian hotel operator Imperial plans to make investments worth 140 million kuna ($21.3 million/18.8 million euro) in 2019, the company said on Tuesday.
The investment plan for next year was approved by the supervisory board of Imperial, the company said in a filing to the Zagreb Stock Exchange.
The investments will focus on the expansion of the capacity of Valamar Carolina Hotel & Villas and Valamar Padova Hotel, as well as the development of the Padova Camping Resort concept in the premium camping segment, Imperial said.
Croatian hotel operator Valamar Riviera owns a 56.21% stake in Imperial.
(1 euro = 7.43306 kuna)