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Arena Hospitality Group Purchases Hotel in Wider Centre of Belgrade

December the 31st, 2020 – the Croatian tourist company which is known for its numerous business ventures at home and abroad, the Arena Hospitality Group, has purchased yet another hotel in a foreign country, this time in the Serbian capital.
As Poslovni Dnevnik writes, the large Croatian company, the Arena Hospitality Group announced recently that through its local branch located over in Serbia, it concluded the takeover of the 88 Rooms hotel in the wider centre of the Serbian capital of Belgrade. The value of the transaction stands at an enormous 45 million kuna in total.
The modern hotel is located a mere few minutes away from Belgrade’s historic city centre, as its name suggests, it offers 88 rooms and suites, a restaurant, bar and conference room, as well as a well-equipped gym.
The acquisition of 88 Rooms is another milestone in the Arena Hospitality Group’s strategy to expand its operations across the Central and Eastern European region. This acquisition also further enables the Arena Hospitality Group to increase the volume of the business it engages in in cities across Europe with the aim of increasing its presence in the higher category market segment in the region of Central and Eastern Europe, while striving to create added value for shareholders, Seebiz reports.
The Arena Hospitality Group’s projects, in both the short and medium term, include repositioning the Brioni Hotel in the beautiful Istrian city of Pula into a luxury hotel boasting 227 rooms, with the ambition for it to become the best hotel in that category in all of Pula and its surroundings, the repositioning of Camp Stoja in Pula into a higher category camp, the conversion of a building location in the heart of Zagreb into a hotel with 113 rooms, which will include a famous restaurant and bar, wellness and spa facilities, a fitness centre, a meeting space and more, and the renovation of the Riviera Hotel in the very heart of Pula.
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