June 5 (SeeNews) - Croatian hotel operator Valamar Riviera [ZSE:RIVP-R-A] said on Monday it bought from Austria's Kinderhotels Europa Management and Marketing the right to use the Kinderhotels brand for a period of five years and five months.
Valamar has thus become part of the Kinderhotel chain which specialises in family vacations, it said in a Zagreb bourse filing.
The deal will allow the Valamar Girandella Maro Resort in Rabac, planned to be opened in 2018, to operate under the Kinderhotels brand. There are 50 Kinderhotels in Europe, this one being the third in Croatia.