Croatia's Turisthotel to invest 65 mln kuna (8.6 mln euro) in holiday village Zaton

The investment will be used to overhaul a 4,000 square metres restaurant and entertainment compex Kalelarga 4, to upgrade the suites in the holiday village to four-star category and to build new camping, sports and recreational capacities, the company said in a filing to the Zagreb bourse.

The project is part of the company's 2023-2028 investment plan which its supervisory board approved on Tuesday.

The plan also envisages to upgrade to hotel its hostel Forum and to turn into hotel a building which previously was a cinema hall.

Turisthotel did not disclose the overall value of the five-year investment plan.

The company's shares last traded on the Zagreb bourse on November 14, closing 0.45% higher at 4,500 kuna.

(1 euro = 7.545 kuna)