Four Seasons Hotels and Resorts is partnering with investment bank Arqaam Capital on a mixed-use resort being developed on Croatia’s Hvar island.
The hospitality company will be managing and operating the resort, Four Seasons Resort Hvar, which is expected to open in 2019. As an emerging and growing tourism destination, Four Seasons will be able to place its brand within Croatia before many of its peers.
New territory
Four Seasons Resort Hvar will feature a 120-room hotel and 60 private residences. Located on the Dalmatian Coast at Brizenica Bay, the property will have its own private bay.
Amenities include a number of swimming pools and private infiniti pools, a spa and fitness center, eateries and boutiques. There will also be event spaces for conferences or banquets.
“In Arqaam Capital we have found the ideal partner for our entry into Croatia, one who believes in the culture of Four Seasons and shares our values,” said J. Allen Smith, president and CEO of Four Seasons Hotels and Resorts, in a brand statement. “Arqaam’s long-term vision, combined with their extensive experience in emerging markets and project development are key to positioning this project for success.
“Croatia is one of Europe’s fastest growing tourism markets and a highly sought-after leisure destination for discerning global travellers,” he said. “We look forward to working together with Arqaam to create a world-class property in Hvar.”
Riad Meliti, Chief Executive Officer of Arqaam Capital, commented, “We are creating a natural retreat within a stunning, secluded enclave in one of the Dalmatian Coast’s most beautiful and private bays. Four Seasons was the natural choice for us as they share our commitment to elegance, unrivalled service and luxury. They have a long history, a strong and undiluted brand and an uncompromising dedication to the highest standards.”