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