November 30 (SeeNews) - Croatian hotel operator Valamar Riviera [ZSE:RIVP] said it plans to make investments worth 635.9 million kuna ($97.6 million/85.7 million euro) in 2019, the company has said.
The company's supervisory board has approved the final version of the investment plan for 2019, Valamar Riviera said in a filing with the Zagreb Stock Exchange on Thursday.
Investments in 2019 will be focused on premium camping sites in Istria and on Krk island and also in the opening the five-star Valamar Collection Marea Suites hotel.
Earlier this year, Valamar Riviera's supervisory granted a preliminary approval for the investment of 616.5 million kuna in 2019.
Valamar previously announced an investment cycle of up to 2 billion kuna until 2020.
(1 euro = 7.4177 kuna)