Croatia’s HGK to invest EUR 18 mln in hotel transformation

Croatia’s chamber of commerce, HGK, announed its subsidiary, tourism company HGK Hoteli will invest EUR 18 million to turn the former motel Sljeme near Rijeka into a four-star hotel. The hotel will have 57 rooms, including six suites.

Reconstruction works have already started and the future Rivia Arts & Culture Hotel will open at the end of 2026, creating some 40 jobs.

The project will aim to preserve the authenticity and the architectural value of the original facility that was built in 1965 and is listed as a cultural heritage by the ministry of culture.

HGK will finance the reconstruction project through commercial bank loans and own funds raised by sale of inactive property.