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A Singapore investment fund wants to buy Liburnia Riviera Hotels

first_imgAs Poslovni dnevnik has learned, information has been leaked from the People’s Republic of Croatia that hotels majority owned by SN Holding Darko Ostoje want to buy an investment fund from Singapore, which owns about twenty hotels managed by the Four Seasons Hotels and Resorts chain. As it is pointed out in the financial report of LHR, in the first nine months of this year, a profit of HRK 20,2 million was realized, which is a big drop since the profit in the same period last year amounted to HRK 61 million. On the other hand, the mayor of Opatija, Ivo Dumić, sent a message on his Facebook page that he hopes to sell LRH soon. Photo: Remisens.comcenter_img Liburnia Ririvera Hotels informed the Zagreb Stock Exchange that the process of in-depth recording of the company’s operations is underway, by interested potential buyers of shares issued by Liburnia Riviera Hotels dd “Every big hotel house has to be a part of society and invest in the destination where it makes the most profit. In this way, both the hotel house and the destination progress. We have many good examples where hotel houses invest a lot in the better life of citizens, events and infrastructure in the city where they operate, and I will single out only the two largest companies, “Valamar” and “Blue Lagoon”. “Liburnia Riviera Hotels” have so far, unfortunately, behaved quite the opposite in Opatija and the entire Riviera. But I believe better days are coming. I hope that this house will soon be sold to real and responsible investors, which I am sure will bring a complete turnaround in such a business policy. Only in this way can Opatija become what we all want, a top year-round tourist center from which all our citizens will benefit. ” said Dumic. By the way, the City of Opatija owns 25 percent of LRH shares.last_img read more