History

History

Valamar Riviera as it stands today has been developing and growing on the Croatian market for over 60 years. Its development consists of several stages, against the backdrop of social and political changes, tourism and hospitality development and continuous evolution of its business strategy to address global trends in the hotel industry.

2014-2016 NEW STAGE IN GROWTH AND ACQUISITIONS

  • 2014- INVESTMENTS IN PREMIUM SERVICES AND 4* AND 5* PROPERTIES
    The Valamar Dubrovnik President 5* starts its hotel operations
    Opening of the Premium Valamar Isabella Island Resort 4*/5*
    Takeover and merger of Hoteli Baška d.d. (est. 1949)
  • 2016- By the end of 2016, Valamar Riviera established a strategic partnership with AZ pension fund successfully taking over Imperial d.d. Valamar Riviera acquired 54.71% of Imperial's share capital and AZ pension fund acquired 34.22%
    Camping Resort Krk became the first 5* campsite in Croatia
    Camping resort Lanterna 4* services upgraded after a large investment cycle
    Preparation of Valamar’s largest annual investment cycle worth HRK 873 mn
    Record business results
    Redefined vision, mission and strategic goals for the period up to 2020

2010-2014 CONSOLIDATION OF THE MANAGEMENT AND THE PORTFOLIO

  • 2010-2014 Consolidation of the management and the potrfolio
    Zlatni otok d.d., Rabac and Dubrovnik-Babin Kuk were merged to Riviera Adria d.d., which later on integrated Valamar grupa d.d. and Valamar Adria holding d.d. The consolidated company started operating under the name Valamar Riviera d.d. and was listed on the Official Market of the Zagreb Stock Exchange in December 2014

Mergers and acquisitions

  • 2011- Zlatni otok d.d. (est. 1956), Rabac d.d. (est. 1961)
  • 2013- Dubrovnik – Babin Kuk d.d. (est. 1971)
  • 2014- Valamar Adria holding d.d. (est. 2003), Valamar grupa d.d. (est. 2005)

2000-2010 BUSINESS GROWTH AND PORTFOLIO INVESTMENTS: Improving the quality of properties and services

  • The company Valamar hoteli i ljetovališta bstarts to manage hospitality operations
    Introduction of the first brands for hotels and campsites, Valamar Hotels & Resorts and Camping on the Adriatic

1990-2000 PRIVATIZATION AND OWNERSHIP TRANSFORMATION: The economic processes of privatization and ownership transformation in the war's aftermath

  • 1999- Establishment of Dom fond
    Establishment of the largest privatization investment fund during the voucher privatization period

1965-1990 DEVELOPMENT OF CROATIAN TOURISM AND HOSPITALITY: Dynamic business growth and intensive construction of properties

Period of intensive construction.

  • 1967- Luna Hotels and Apartments
  • 1968- the Neptun hotel and Lanterna tourist village
  • 1971- the Kristal and the Rubin hotel
  • 1976- the Diamant and Zagreb hotels, the Solaris pavilion
  • 1979- the Pical – the first high-category hotel in Poreč
  • 1988- the Fortuna hotel on Sveti Nikola Island

Development of tourism and hospitality in Poreč in the period from 1954 to 1986

1950-1965 RIVIERA POREČ: The beginning of organized tourism and hospitality in Croatia

Company beginnings

  • 1953-Rivera Poreč established, the predecessor of Valamar Riviera
    Management of hotels, bungalows and restaurants in Poreč and on Sveti Nikola Island

1895-1950 HISTORY OF CROATIAN TOURISM: 120 years of tourism and hospitality

The beginning of tourism and hospitality in Poreč

  • 1895- First public bathing area on Sveti Nikola Island, Bagno Parentino
  • 1910- the Riviera hotel opens (the company is named after it)
  • 1913 and 1923 the Venezia and the Parentino hotels open (owned by the company to this day)