Pula’s Arena Hospitality Group, which refers to itself as one of the most dynamic hospitality groups in Central and Eastern Europe, currently offers a portfolio of 26 owned, co-owned, leased and managed properties with more than 10,000 rooms and accommodation units here in Croatia, as well as in Germany and Hungary.
As Marija Crnjak/Poslovni Dnevnik writes on the 5th of March, 2019, the total investments of the Arena Hospitality Group in 2018 and 2019 amount to 447 million kuna in hotels and camps in both the Republic of Croatia and over in Germany, plus the 190 million kuna that the group plans to invest in the reconstruction of the much loved Hotel Brioni (Brijuni).
This was stated in the presentation of the Arena Hospitality Group’s very impressive business results. The company claims it is also now ready for yet more new acquisitions across Central and Eastern Europe. As is already known, through public offers, the group collected a massive 788 million kuna back in 2017, and since then, they have invested on average three times more than before the public offer.
The Arena Hospitality Group is currently operating in the aforementioned three countries, under four brands, including Park Plaza and Art’otel, last year the company earned 758 million kuna in total revenue, an increase of 5.6 percent when compared to their record back in 2017, accompanied by healthy growth in all segments, hotels, tourist resorts and camp sites. In Croatia alone, they experienced handsome revenues of 503.8 million kuna.
After 2018’s big investment in Glamping Arena One 99, worth 70 million kuna, this year, an investment of 128 million kuna is planned in Kažela camp, 60 million kuna is the planned amount to invest in Verudela Beach, a tourist resort, which should be completed by the year 2020, when the beginning of the works at Hotel Brioni (Brijuni) are planned. In the reconstruction of Art’otel Berlin Kudamm alone, the company will invest 53 million kuna.
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Click here for the original article by Marija Crnjak for Poslovni Dnevnik
