Valamar Riviera has signed a loan agreement with HBOR worth 24.3 million euros intended for investments to enhance quality standards in the destinations of Poreč, Rabac, Krk, and Dubrovnik for the 2016 season, the company announced via the Zagreb Stock Exchange.
The final maturity date is 2033, reports Večernji list. At last week’s meeting of the Supervisory Board of Valamar Riviera, an investment of 196 million kuna in the Family Life Bellevue Resort in Rabac was approved. The plan is to raise the quality and number of four-star accommodation units and create new water, family, hospitality, and sports facilities. Valamar Riviera plans to invest a total of 430 million kuna in the destination of Rabac by 2018.
