Andrej Erjavec
InterCapital
WH Europe
Deal Type
Acquisition
Sector
Consumer
Completion Date
1st November 2022
Deal Value
Not disclosed
Company Background
Jadran hoteli Rijeka is a hospitality group based in Rijeka, which includes seven hotels, two restaurants, and a camp, located in the areas of Rijeka, Kostrena and Kraljevica. In their 130-year tradition, the Group is most famous for their four-star hotel Jadran, three-star hotels the Continental and the Neboder, tourist resort Uvala Scott, and camp Oštro.
Deal Summary
InterCapital's Investment Banking team has supported Brown Hotels in the acquisition of Jadran hoteli Rijeka as buy-side advisors, coordinating the whole process. We believe it is Brown Hotels’ first step in repositioning Rijeka as one of the most desirable cities on the Croatian coastline.
Brown Hotels is an international hospitality group known for its diverse portfolio of design-led boutique hotels. The hotels are all rooted in devotion to service, design, innovation, style, and authenticity. Their properties have been recommended by the world’s leading international lifestyle, design, and travel publications such as Vogue, Travel & Leisure, Wallpaper, and more. Brown Hotels is an international design hotel collection, with hotels located in Tel Aviv, Jerusalem, Athens, and Croatia, with new hotels opening soon around the world.
