Croatian Hotel Operator Arena Hospitality Purchases Franz Ferdinand Mountain Resort in Carinthia, Austria

Smareglina ulica based Croatian hotel-company Arena Hospitality has recently confirmed that it has struck a deal to purchase a 4-star mountain luxury hotel Franz Ferdinand Mountain Resort in Austria. The particular luxury hotel is called Carinthia and this luxury hotel deal has apparently been confirmed for around 112 million Kuna (translates approximately to USD $17.5 million). The seller is a company called K1 Hotelerrichtungs which is a part of Austrian real estate and investment entity MID Holding group.

As per Arena Hospitality, which inked the deal through its subsidiary Sugarhill Investments, the most recent purchase of the 4-star mountain luxury hotel in Austria happens to be a perfect strategic decision that would support the Croatian entity's summer leisure business. This would also help the hotel company take advantage of the fact that the luxury hotel in Austria is very close to to Croatia - the place where the Group operates.

Franz Ferdinand Mountain Resort, is located in Nassfeld and this Austrian luxury hotel boasts of 144 family rooms, a restaurant, bar, wellness facilities, and conference rooms.
This particular deal, which most likely would be concluded at the beginning of winter season of 2022, also consists of a couple of floors of an adjacent building that has a  terrace and also a unique employee accommodation of around 21 rooms in Vellach in Carinthia.

Not too long ago Arena Hospitality has spread across to Germany, Hungary, and Serbia and with this luxury hotel acquisition in Austria, the company will surely add to its strength.

Arena Hospitality also confirmed that they are currently working on the development of its luxury hotel in Zagreb city centre along with the development and repositioning of its luxury Hotel Grand Brioni in Pula, Croatia.