Adris Group Officially Becomes Owner of Infamous Split Eyesore Hotel Marjan

Daniela Rogulj

December 1, 2019 – Adris Group has officially become the owner of Hotel Marjan in Split!

Vecernji List reports that the process has taken years because it involved a pre-bankruptcy settlement. Split, which in the meantime has become a tourist mecca with high growth rates of tourist arrivals and overnight stays, has needed a larger, high-class hotel, and the Adris Group has made it no secret that they have serious plans for the infamous eyesore. 

“We are looking forward to the new challenge. Split is a strategic destination in the development plans of the Adris Group tourist section and in this way, we will approach the execution of the Marjan project,” Adris emphasized in a statement, from which it could be learned that they would soon have the status of a top-class hotel in Split; one that will match the quality of the newly opened Grand Hotel Park in Rovinj. Adria added that they are ready to make investments as soon as the legal process is formalized.

The decision of the Commercial Court in Split, which granted the Adris Group ownership of a hotel on the West Riva, became final. Recall, the hotel was owned by Zeljko Kerum, or his company Adriatic, which ended in bankruptcy four years ago due to unpaid workers’ salaries. Adris was the company’s largest creditor. This summer, the bidders auctioned HRK 324 million, which is three-quarters of the appraised value of the property. However, Adris was the only bidder, so their offer was accepted. 

But that’s not all the breaking news about the Adris Group. The largest insurer in Croatia, Croatia osiguranje, which operates within the Adris Group, is investing HRK 100 million in a new core system, which it purchased from Sapiens. This will ensure additional sales growth and quick response of the company to market demands. They expect business efficiency to grow through the simplification and automation of part of the process. The contract includes the implementation and license services for Sapiens solutions.

“Such a significant investment in the digital future of Croatia osiguranje confirms our ambition to maintain and increase the company’s competitive advantage,” said Davor Tomašković, the company’s leader. It is already being implemented by the end of this year and will last until the second quarter of 2022.

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