September 28 (SeeNews) - Croatian hotel operator Sunce Hoteli [ZSE: SUKC] said it appointed Shaikh Mubarak Ali Abdulla Hamad Alkhalifa new CEO of the company, replacing Hrvoje Veselko.
Veselko will become a management board member of Sunce Hoteli, the company said in a filing to the Zagreb bourse on Monday.
Eagle Hills Zagreb Real Estate, the Croatian arm of UAE-based real estate developer Eagle Hills, increased its stake in Sunce Hoteli by 10.28% to 79.99% in a buyout bid this summer.
Sunce Hoteli operates 11 hotels, a camping ground and other tourism assets in Croatia. Most of its properties are managed and operated in-house, under the brand BlueSun Hotels and Resorts.
Shares in Sunce Hoteli last traded on the Zagreb bourse on August 27, when they closed 13.57% lower at 121 kuna ($18.8/16.1 euro).
(1 euro = 7504 Croatian kuna)