As Poslovni Dnevnik/Marija Crnjak writes, recent news that the first Movenpick Hotel in Croatia is opening in the second largest city of Split, which is one of the premium brands of the global hotel house Accor, presented a relatively new investor, the development company MPPD, which has great ambitions to develop projects throughout the entire Mediterranean.
Their company, Split Peninsula Properties ,will be in charge of the Movenpick Split hotel project, which is worth 25 million euros and which should be completed by 2023.
After the opening of the MGallery hotel a few weeks ago in the same city, this is Accor’s second project in Split. As Andrija Antic, a partner in MPPD and the founder of Split Peninsula Properties explained, the works on the location have only just started.
Business partners
“After we’ve dealt with obtaining all of the permits and paperwork, we’ll be ready to start the work that should get going in a month or two. This partnership with Accor fits perfectly into our vision and philosophy of creating comfortable, exclusive places for guests and the local community. We’re proud to be able to bring such a top quality brand to Split and the whole of Dalmatia,” Andrija Antic said.
On MPPD’s website, among current and future projects, only this hotel in Split is mentioned so far, although the company presents itself as a developer in the Mediterranean. Antic’s partners in the project are Janko Vrgoc, the former director of GPD Zagreb and the company Arena centar upravljanje (management), and Tomislav Mustapic.
“MPPD is a development company with a number of projects going on throughout the Mediterranean, Greece and Montenegro. These are commercial real estate projects (not residential ones), including logistics and mixed-use projects, but at this moment in time, we aren’t ready to reveal any details.
Along with us, several partners from various sectors, from construction, finance and development, the project is accompanied by “High Net Worth” individual investors from outside the Republic of Croatia, who also participated in the Movenpick Split hotel project,” explained Antic.
Located on Split’s very popular Znjan neach, Mövenpick Split will have 156 rooms with stunning sea views, two restaurants and a spa, as well as an innovative workspace and conference facility. It will also have 110 underground and above-ground parking spaces with a large number of e-vehicle charging stations, a rooftop restaurant, a lounge and a terrace with an infinity pool.
The project is signed by local architect Alan Plestina from the Pulsar Architecture studio in collaboration with Accor’s design and technical services team. Plestina is, among other things, the author of the projects of the Arena shopping centre complex and the Arena Zagreb sports hall.
Twelve active projects
The Movenpick brand itself is part of the more luxurious part of Accor’s portfolio, which was founded back in 1973 and currently manages more than 90 hotels across 25 countries. In Northern Europe, Movenpick is currently implementing a total of twelve projects, and Eastern Europe is considered very attractive for further investment. Accor took over the brand back in 2018 from Arab investors for a price tag of 482 million euros.
“We’re happy to be able to present another hotel in one of the most prestigious locations in Dalmatia and thus strengthen our portfolio in the segment of leisure facilities in the region. Movenpick is continuing to grow strongly in Eastern Europe thanks to the continuous expansion of the resort’s offer and top facilities,” said Dilek Sezer, the Accor Group’s development director for Southeastern Europe, in a statement.
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