MK Group investing €5m in Istria

MK Group investing €5m in Istria

Published at: 2019-10-21 12:11 | Author: CIJ Serbia
The Serbian based MK Group is in the midst of a €5m worth of investments in Istria, Croatia. The company has already completed more than €3m of work on the Kempinski Hotel Adriatic and it will be pumping another €2m into new investments in 2020 to improve its tourist assets in the country. The Kempinski is part of the Skipper Resort complex in Savudrija that MK Group acquired in 2017.
"Istria offers great potential for tourism development," said Kai Behrens, General Manager of Kempinski Hotel Adriatic in Savudrija. Last year, the company put €3m into renovations of the Kempinski and its facilities. MK Group owns or has stakes in 14 hotels in Serbia, Slovenia, Croatia and Montenegro, Portoroz Airport and a golf course in Savudrija.

Similar Stories:

Protesters occupy Airbnb apartment in Prague
Organizers of a group protesting the activities of the online residential platform Airbnb  »
€500m in Prague hotel assets sold in record-setting 2019
Last year was record-setting for Prague when it comes to the volume of sales made in the h  »
Poland’s hotel segment sees record investment level in 2019
The commercial real estate sector in Poland reported record levels in 2019, with the hotel  »
Hotel Parc in Arad hits market for €8m
Hotel Parc, the largest hotel in Arad, is on the market for €8m. The property includes 2  »
The largest investment conference in Southeast Europe has gathered over 350 participants f   »
Greece is on the verge of a hotel resort development boom, with over 20 greenfield project   »
In Europe, the UK leads the way when it comes to new hotel projects: 119,000 rooms are cur   »
Invesco Real Estate acquired the 232-room Sheraton Grand Hotel Kraków for €70m on behal   »