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Expansion of business operations in the area of hotel industry

20.10.2017.

Belgrade, 16 October 2017 – The Austrian company HETA together with the companies HETA Beteiligungen GmbH and ISTRIAN HOTELS, a member of MK Group, have signed an agreement on sale of 100% stake in all Skiper Group companies today. Istrian hotels submitted the best bid on the international tender for the purchase of this luxury complex on the Adriatic, which ended in late September this year. All transaction transactions are expected to be completed in the coming weeks, after which MK Group will have another hotel complex in its portfolio.

“As one of the leading hotel companies in the region, Istrian hotels, located within MK Group, understands the importance of regional connecting. We are a major investor who has seven 4 and 5 star hotels in its portfolio and by purchasing this prestigious hotel on the Croatian coast we will certainly increase the level of hotel and catering services. By purchasing the prestigious Skiper Resort in Istria, where the 5 star Hotel Kempinski Adriatic is included, as well as the recent cooperation with the Sheraton brand, we will further strengthen our position on the market. I consider this a significant step towards the achievement of our goals towards the creation of a strong regional hotel company, which will connect the business operations at the most attractive locations and complement each other with already existing links within the system “said Nikola Avram, Director of a group of hotels operating within MK system.

Company ISTRIAN HOTELS d.o.o. is a member of MK Group, which owns Grand Hotel & Spa **** and Angella Hotel & Residence – Konaci Sunčevi vrhovi **** at Kopaonik, 88 Rooms Hotel in Belgrade and Hotel Kempinski Palace in Portorož. In addition, MK Group is a minority owner of Budvanska Rivijera Hotel in Montenegro and has a 30% stake in Airport in Portorož. After successful cooperation with Kempinski hotel chain, MK Group has established cooperation with Sheraton Starwood Group chain and plans to open the first Sheraton hotel in Serbia in January 2018. The current total accommodation capacity is 2500 with a tendency of further growth in the forthcoming period.

Skiper group companies are located in one of the most beautiful parts of the Croatian coast, just by the sea, with a beautiful view of the Slovenian and Italian coast. They possess and manage accommodation and tourist capacities in Savudrija in Istria among which are, among other things, a luxurious hotel, unequipped luxury villas and apartments and equipped apartments of middle and higher class. Within Skiper Resort there is also a Kempinski residence which offers 22 luxury villas. Each has its own swimming pool and a spacious courtyard with plenty of vegetation, providing a special privacy. In addition to accommodation facilities, the complex includes a private beach, a luxury spa center and a golf course with 18 holes and other sports and recreational facilities.