Valamar expands portfolio in Austria with another hotel in Obertauern ski area

Valamar expands portfolio in Austria with another hotel in Obertauern ski area

Published 23. November 2021.

The Supervisory Board of Valamar Riviera approved a capital increase of its Austrian subsidiary Valamar A GmbH for the purpose of acquiring hotel Marietta 4* in Obertauern, which will become the second hotel in Austria managed by Valamar. In the coming two years, Valamar plans further investments in Austria which will include investments in repositioning and upgrading the quality of services in Marietta Hotel and Valamar Obertauern Hotel.

Hotel Marietta 4* has 120 keys and is one of the largest and most successful hotels in the Obertauern ski resort. It offers guests a great location within the ski resort and is close to all amenities in the destination. After the finalization of the takeover process, Valamar will manage two hotels in Austria where more than 130 Valamar employees, mainly from Croatia, would be employed during the winter season.


This acquisition is an important advance for Valamar in expanding its portfolio internationally, and managing hotel and tourist properties in the best winter holiday destinations in Austria and Italy. One of the largest Austrian shareholders of Valamar Riviera, Gustav Wurmboeck, has initiated the recapitalization of the Austrian subsidiary Valamar A GmbH with the aim of accelerating the expansion of the Valamar Group's portfolio whereby the acquisition of the Marietta hotel represent the first step towards new growth and development.

Željko Kukurin, CEO of the Management Board of Valamar Riviera said: “Expanding the portfolio towards winter holiday destinations is an important advance in the company's internationalization of business and utilization of our management synergies. Experience has shown us that guests who stay with us in our summer destinations also wish to spend their winter holidays with Valamar. In addition, by expanding our business to winter tourism, we provide our employees with year-round permanent employment and increased income, as well as the opportunity to gain international experience and continue their career development at Valamar."