January the 24th, 2023 - Following a successful 2022, Tankerska plovidba, a transportation company headquartered in Zadar, has begun the process of taking over the Zadar Turisthotel company.

As Poslovni Dnevnik writes, after taking over the largest individual share of 24.5% of the share capital in the Zadar tourism company in November last year, Tankerska plovidba is now starting the Zadar Turisthotel takeover process.

The company submitted a notice to the Zagreb Stock Exchange about the emergence of the obligation to announce the offer for the takeover of the Zadar Turisthotel company, by concluding an agreement on the transfer of shares with five shareholders of Turisthotel on January the 18th, 2023. Tankerska plovidba thereby acquired another 14.61% of the company's share capital, seeing them reach a total ownership share of 39.34% of the company's capital.

As was stated in the notification, the subject of the takeover offer will be all registered shares of the Target Company, series A, with an individual nominal amount of 580.00 kuna (76.98 euros).

It's worth noting that just one month ago at the open day for shareholders, the Zadar Turisthotel company announced investments of 113 million euros over the next five years, primarily in the renovation and construction of new accommodation facilities and other entertainment facilities.

The new investment cycle of the Zadar Turisthotel company will include the additional improvement and the raising of the quality of their existing facilities, new catering, hospitality and entertainment facilities, the complete revamping of the main street within the resort itself, the reconstruction of the remaining apartments from 3 to 4 stars, the construction and introduction of new facilities and content, and last but by no means least - the Aenona Park project, which includes a new campsite, hotel, sport and entertainment facilities in the northern part of the settlement in Zaton.

In the City of Zadar, there are also plans to build a new hotel located within the city's very heart on the site of the former Pobjeda (Victory) cinema, and to convert the Boutique Hostel Forum into another new hotel. According to those plans, Turisthotel will annually invest approximately 22 million euros into these and other new projects.

For more, make sure to check out our dedicated business section.

December the 15th, 2022 - The Zadar Turisthotel is set to invest 113 million euros into its offer and facilities over the coming five years, aimed at not only improvement but sustainability.

As Marija Crnjak/Poslovni Dnevnik writes, over the next half a decade, the Zadar Turistihotel plans to invest 113 million euros in the renovation and construction of new accommodation facilities and entertainment, which was approved by the company's Supervisory Board and presented by the Management Board on Tuesday at the first open day for Turisthotel shareholders.

Financial strength

"Since we started with the construction of a new entertainment and catering and establishment on the beach, which is worth more than 8.7 million euros, Zaton has been a large construction site. At the Zadar Turisthotel, we haven't had any significant investments since back 2018, and we recently adopted a strategic capital investment plan for the next five-year period with the aim of increasing the quality of our offer and content, higher revenues and ensuring the further growth and development of the company.

The Zadar Turisthotel has managed to enjoy significant financial stability, liquidity and creditworthiness, and we're confident that, as long as there are no major global disturbances and instability, we'll manage to realise our plans. In order to ensure success and future growth, we must invest in our offer, our employees and the destination as a whole, all while making sure we're engaging in sustainable and socially responsible development,'' explained Meri Matesic Sicic, the president of the Turisthotel Management Board, adding that the legislative and tax framework is stable and encouraging, as is the financial stability of the company, which remains the basis for planning and implementing new investments in tourism.

Annual figures

The new investment cycle of the Zadar Turisthotel will include the additional improvement and raising the quality of its existing facilities, new catering, hospitality and entertainment facilities, the complete remodeling of the main street within the resort, the reconstruction of the remaining apartments from 3 to 4 stars, the construction and introduction of new facilities, and the Aenona Park project, which includes a new camp, hotel and sport and entertainment facilities in the northern part of the settlement in Zaton.

In Zadar, there are also plans to build a city hotel located within the city centre on the site of the former Pobjeda (Victory) cinema, and to convert the Boutique Hostel Forum into a hotel. According to the plan, Turisthotel will annually invest approximately 22 million euros in those new projects.

As is already fairly well known, the Zadar-based shipping company Tankerska plovidba entered Turisthotel back at the beginning of November, becoming the largest single shareholder of the company by purchasing 24.53 percent of the shares. With the transaction, former longtime director Frane Skoblar dropped to second place with 11.8 percent, and the rest of the shares are held by around 600 small shareholders.

Mario Pavic, the president of Tankerska plovidba, explained that the company wants to diversify its operations as part of its long-term strategy of alignment with the global direction of decarbonisation, although the core business remains shipping. As the largest single shareholder, they plan to coordinate with the co-owners the way the company will be managed as we go forward.

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September the 20th, 2022 - The Zadar company Turisthotel is set to make some considerable investments, expand, and further develop the quality of what they already offer.

As Poslovni Dnevnik/Marija Crnjak writes, the Zadar company Turisthotel recently celebrated 40 years of the operation of the popular Zaton Holiday Resort, all while announcing new investments in the hotel business set to come.

Around 6,000 guests are currently staying at the aforementioned resort, and the largest percentage of them come from Germany, Poland, the Netherlands and Austria, all of whom are responsible for this year's record tourism results after a horrendous two years dominated by a global public health crisis.

The next five years

"Turisthotel is now entering a new investment cycle, which is more oriented towards investing in the additional improvement of the quality of the existing infrastructure, as well as the expansion, upgrading and modernisation of our existing facilities. These investments, which will be realised in different phases over the next five years, have been made possible thanks to the stable and continuous growth of the business.

I believe that this is a key imperative for the company's further development, as well as in terms of additional positioning on the market, both for the resort itself, as well as for Nin, the City of Zadar and the entire wider Zadar region as an attractive and desirable tourist destination," said the president of Turisthotel's Management Board, Meri Matesic Sicic.

In the coming period, the reconstruction of 159 apartments ranging from 3 to 4 stars will begin in the Zaton Holiday Resort, the construction and the introduction of new hospitality and entertainment facilities, as well as the complete renovation of the main street of the resort is planned.

As Matesic Sicic revealed, the plan is to build a city hotel located within the centre of Zadar itself, in the building which once housed the former Pobjeda (Victory) cinema, and to convert Boutique Hostel Forum into a hotel.

In addition to all of the above, the plans also include the construction and arrangement of a multi-purpose office space that would include catering and hospitality facilities as part of the Visnjik Sports Centre.

For more, make sure to check out our dedicated business section.