Imperial Riviera achieves 2019% revenue growth in 53

first_imgIn 2019, a total of HRK 149 million in investments were made According to the revised results for 2019, Imperial Riviera generated a total revenue of HRK 264 million last year, which is a growth of 53% compared to the year before.  The business year 2019 was extremely dynamic and significant for the Imperial Riviera based in Rab, which has been operating under this name since June last year, when the Makarska Hotels were annexed to the then Imperial. With this merger, Imperial Riviera ranked among the 10 leading tourist companies in Croatia. In addition, at the end of October, Allianz ZB pension funds and Valamar Riviera recapitalized Imperial Riviera in the amount of HRK 426 million.  According to the Imperial Riviera, the most significant investments were the reconstruction of the hotel and villa Carolina according to the TUI Sensimar product standard, the second phase of investment in Padova Premium Camping resort by Valamar which increased the camp category to 4 *, and repositioning the Padova hotel according to Valamar’s Family Hotel standard. with the construction of additional content mainly intended for children’s animation. At the end of 2019, new investments in the amount of HRK 226 million were started, mainly related to the renovation and repositioning of the Meteor Hotel in Makarska, the renovation and upgrade of the Valamar Parentino Hotel (ex Valamar Zagreb) in Poreč and the third phase of investments in Padova Premium Camping Resort by Valamar on Rab. “These business events opened a new historical period in the development of our company and also marked the beginning of a new five-year business plan that envisages 1,5 billion kuna of investment in the reconstruction and renovation of facilities, but also further expansion of the portfolio. After the recapitalization, the Valamar Zagreb hotel in Poreč was purchased and the reconstruction and upgrade of the hotel began immediately. With this purchase, Imperial Riviera became the owner of 7 hotels, 3 tourist resorts and 2 camps with a capacity of 10.000 guests “, pointed out Vlado Miš, President of the Management Board of Imperial Riviere.   “The results should be viewed mainly in the context of acquisitions, and investment activities in product development and business improvement. Realized operating profit (EBITDA) amounts to HRK 90,8 million and represents an increase of 42,5%. Balance sheet stability, large monetary potential and a very favorable net debt and EBITDE ratio enable an even stronger continuation of the investment strategy and strengthening the competitiveness of products and services. Therefore, due to business synergies and further strategic considerations of development and growth, with the influence of majority owners, Allianz ZB pension funds and Valamar Rivera, further improvements and growth in the business of Imperial Riviera are expected.”They conclude from the Imperial Riviera. Photo: Imperial Rivieralast_img read more

One Month From Relay For Life

first_imgCommunity members participated in the 2013 Relay For Life at Batesville High School.Cancer is a disease that affects two in every five Americans according to the American Cancer Society. Whether it’s a grandparent, spouse, child, friend or coworker, chances are you’ve been touched by this horrible disease at some point in your life.But there is hope. Walkers will go around the clock in the battle against cancer when the 19th annual American Cancer Society Relay For Life of RIPLEY COUNTY) gets underway with teams of residents gathering at the Batesville High School Track on June 21 and June 22 from 8:00am to 8:00am.Relay For Life events are held overnight as individuals and teams camp out at a high school athletic track, park or other gathering area with the goal of keeping at least one team member on the track or pathway at all times throughout the evening, signifying that cancer never sleeps.Teams do most of their fundraising prior to the event, but some teams also hold creative fundraisers at their campsites during Relay. Relay brings together friends, families, businesses, hospitals, schools and faith-based groups – people from all walks of life – all aimed at furthering the American Cancer Society’s efforts to save lives by helping people stay well, by helping them get well, by finding cures and by fighting back.By getting involved with the American Cancer Society Relay For Life of RIPLEY COUNTY, you personally are making a difference in the fight against cancer. Through your donations you are helping:• Provide access to up-to-date cancer information, day-to-day help and emotional support 24 hours a day, 365 days a week through 1-800-227-2345 and cancer.org• Transport cancer patients to and from their treatments through Road to Recovery.• Fund nearly $475 million in American Cancer Society research grants.• Ensure cancer issues remain a focus for local, state and federal legislators.For more information about how you can create a world with less cancer and more birthdays, visit RelayForLife.org and click on “Find Events” or call Jeni Schnebelt at 812-571-0297 or you can email: ripleycorfl@gmail.comlast_img read more