Home / Business and Politics / Valamar Riviera Completes Acquisition of Hotel Baška, and Camp Krk Becomes the First Five-Star Camp in Croatia

Valamar Riviera Completes Acquisition of Hotel Baška, and Camp Krk Becomes the First Five-Star Camp in Croatia

With hotels from the Hotel Baška group – Corinthia, Zvonimir, Atrium, and Adria, as well as the camps Zablaće and Bunculuka, Valamar manages a total accommodation capacity for about 9,400 guests on Krk.

The tourism company Valamar Riviera completed a nine-month process of merging the company Hotels Baška on the island of Krk into its portfolio at the end of March, Valamar reported on Tuesday. Valamar Riviera acquired Hotels Baška in June last year for 24.1 million euros, marking its first major acquisition on the Adriatic. This acquisition has strengthened Valamar’s presence on Krk, where it already operates the Valamar Koralj hotel and the camps Ježevac, Krk, and Škrila.

With hotels from the Hotel Baška group – Corinthia, Zvonimir, Atrium, and Adria, as well as the camps Zablaće and Bunculuka, Valamar manages a total accommodation capacity for about 9,400 guests on Krk. Last year, Valamar generated 187 million kuna in total revenue on Krk, which includes Hotels Baška.

Valamar emphasizes that this year they have a significant investment in Camp Krk, which will become the first five-star camp in Croatia this year after a four-year investment cycle worth a total of 68 million kuna, offering guests new innovatively designed accommodation capacities, entertainment facilities, and other attractions.

In addition to repositioning Camp Krk, Valamar is also investing in the camps Ježevac and Škrila this year.