Croatia’s Arena Hospitality Group to open up refurbished Resort Brioni in summer months

ZAGREB (Croatia), March 12 (SeeNews) – Croatian hotel operator Arena Hospitality Team [ZSE:ARNT] claimed it options to reopen Pula-centered Hotel Brioni in the summer months, just after a 260 million kuna ($40.8 million/34.3 million euro) overhaul and repositioning.

The business secured in early December a 180 million kuna mortgage to comprehensive the reconstruction works, it claimed in an once-a-year economical report.

The 7-flooring Hotel Brioni will offer 227 rooms, a few indoor and out of doors pools, a wellness centre with saunas and rest rooms, a fitness center, kids’ playground, several dining establishments and bars and assembly and function amenities.

Arena Hospitality Group also reported it will proceed its 350 million kuna expenditure programme, which envisages the light-weight refurbishment of its belongings in Belgrade and Budapest. On top of that, the group strategies to get started an overhaul and repositioning of Pula-based mostly Lodge Riviera and its resort in Zagreb in 2021 and 2022, respectively.

Arena Hospitality Group in December acquired the 88 Rooms Resort situated in the centre of the Serbian funds Belgrade for 45 million kuna as section of its approach to increase in Central and Japanese Europe.

Arena Hospitality Group closed final calendar year with a consolidated web loss of 227.3 million kuna, in comparison to a 149 million kuna earnings in 2019.

(1 euro = 7.58774 kuna)