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Photo Credit: HUP Zagreb

President of the Management Board of Adris grupa Ante Vlahović and President of the Management Board of HUP Zagreb Anđelko Leko signed a share purchase and strategic partnership agreement in Zagreb. According to the agreement, Adris grupa becomes the owner of a 77.78-percent stake in Expertus, which is the majority shareholder in HUP (58.6 percent). Anđelko Leko remains the owner of 22.22 percent of Expertus. The agreement shall come into force upon its clearance by the Competition Agency.

With these investments Adris grupa is forming the leading national hotel company with operations in the most attractive tourist destinations in Croatia – RovinjDubrovnik and Zagreb. By entering the city hotel segment and continuing the cooperation with eminent international brands of the Marriot Group (Sheraton, Westin) which are the partners of HUP, Adris continues with its strategy of investing in top hotel segments.

Four- and five-star hotels account for almost 80 percent of HUP’s portfolio, allowing for whole-year operation and an increase in operational, financial and other synergy effects. By adding the growing Croatian destinations to its tourism portfolio, Adris fortifies its core business. It remains committed to the excellence of its operation, growth and development, creating new jobs and new values for its shareholders and the communities it operates in.

 

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