Largest Investment in Tisno in Over 30 Years: Russian Billionaire to Build 105m EUR Hotel Complex

Daniela Rogulj

While many have expressed a concern in business relations between Croatia and Russia in recent weeks, this was not the case of Russian businessman (and billionaire) Alexey Frolov, owner of the firm Aqua Relaxio, who is now on a plane to Croatia with his many associates.

The Russian billionaire two years ago invested 30 million kuna in the Municipality of Tisno, buying 64,000 square meters of land in the attractive tourist zone Prisliga – Jazine. On Thursday at the hall of the Municipality of Tisno, the first public presentation of Frolov’s construction project and hotel complex in the Prisliga – Jazine area will be held, writes Jutarnji List on 7 December, 2016.


The value of this project is around 105 million euros, and for its architectural solution, Frolov has hired one of the best Croatian architects: Nikola Bašić.


This project, otherwise, is the largest investment in Tisno and on the island of Murter in the last 30 years. It includes the construction of an exclusive tourist complex for health and detoxification and boasts five-star hotels in which there will be 600 beds and 25 additional villas with about 150 beds. It is planned that the complex will remain open throughout the year, and will employ about 400 workers from a mostly domicile workforce.


While things may seem a little interesting about the timing of the first public presentation of the project (you can read more about that here), after obtaining all necessary permits and awaiting further decisions of the Municipal Council of Tisno, the construction of the hotel complex should start by the end of 2018, and the planned completion date is 2021.


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