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Croatia's Valamar Riviera opens two new five-star resorts

Author Iskra Pavlova
Croatia's Valamar Riviera opens two new five-star resorts Photo: All Rights Reserved

ZAGREB (Croatia), June 20 (SeeNews) - Croatian hospitality group Valamar Riviera [ZSE:RIVP] has opened two new five-star resorts on the Adriatic coast following investment of 420 million kuna ($63.6 million/56.7 million euro), it said.

The group has thus closed a three-year investment cycle worth 2.5 billion kuna, positioning itself as a leading Croatian tourism company and investor, it said in a statement on Wednesday.

"Valamar has to date, including this year's investments, invested 5.8 billion kuna in the Croatian tourism," the group's deputy head for development and corporate business, Ivana Budin Arhanic, said in the statement.

She also said that Valamar has opened some 400 new jobs in 2019, raising the overall number of its employees to 7,000.

The two new resorts - Valamar Collection Marea Suites and Istra Premium Camping Resort, are located on the Istrian peninsula.

Valamar Collection Marea Suites was built in eight months with Valamar engaging 25 local firms in its construction. Investment in the project totalled 140 million kuna.

Istra Premium Camping Resort, the group's first large five-star camping project, is a 280 million kuna investment. The project was developed in the last two years.

Valamar Riviera operates 30 hotels and resorts and 15 camping resorts in five attractive destinations along the Adriatic coast – from Istria and the islands of Krk and Rab to Dubrovnik. The group owns five brands: Valamar Collection, Valamar Collection Resorts, Valamar Hotels and Resorts, Sunny and Camping Adriatic. 

(1 euro = 7.40214 kuna)