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BELGRADE (Serbia), January 29 (SeeNews) – Serbian diversified conglomerate Delta Holding plans to launch a project for the construction of a hotel under the Holiday Inn brand in Slovenia's capital Ljubljana, the company said.
Delta Holding has purchased a location for the construction of the hotel in Ljubljana and plans to start construction works after the completion of legal administrative procedures, the conglomerate said in a statement last week.
"After excellent cooperation with the relevant institutions in Ljubljana during the construction of the InterContinental hotel, we have decided to continue our business in Slovenia. We believe that there is a need for another strong hotel brand in Ljubljana, which will be slightly less luxurious than InterContinental but it will have high standards of service and quality," the general manager of Delta Real Estate, Zorana Zdrale Burlic, has said.
Delta Holding also plans to open a Delta Planet shopping mall in Banja Luka on March 21, Delta Planet shopping mall in Varna on March 28 and Indigo hotel in Belgrade at the end of the year, Burlic said. "By doing so, we are releasing the resources for further development of our real estate portfolio in Serbia and the region. We are ready to start building three significant projects in Serbia as soon as conditions are created. These projects are Delta Planet shopping mall Autokomanda, the new headquarter of Delta Holding and Delta Center, within which InterContinental Belgrade will be located."
The conglomerate recorded earnings before interest, taxes, amortisation and depreciation (EBITDA) of 4.8 billion dinars ($46.3 million/40.5 million euro) in 2018. The revenue of the company stood at 58.27 billion dinars last year.
(1 euro = 118.483 dinars)