Arqaam Investment Partners / Project Dalmatia

Arqaam has invested in a project to develop, manage and operate a luxury branded resort with hotel, residences, leisure, retail and other facilities at Brizenica Bay, Hvar island, Croatia. 

Hvar is one of the most popular touristic destinations in the Adriatic Region; the site is next to the city of Stari Grad (one of the oldest cities in the world); and overlooks a secluded cove, bordered mostly with trees.

The Project was envisaged and designed in collaboration with Four Seasons Hotels and Resorts.  The property is approximately 173,000 sqm and will consist of:

A 115 room luxury branded hotel (90 rooms and 25 suites)

Various beach, fitness, spa, dining, retail and leisure facilities.

A community of 172 residential properties; including:

    • 91 luxury branded residences (56 apartments and 35 villas)
    • 81 non-branded residences (apartments and townhouses)

Investment Drivers

Tourism market and market feasibility studies

Will be the first world class luxury branded resort in Croatia

Trophy asset with super risk adjusted returns

Investment Structure and Terms

Investment Type: Equity 

Exit: Expected to be a trade sale