Laguna Novigrad dd, one of the leading tourist companies operating under the Aminess hotels and campsites brand, has concluded an agreement to take over Dalmacija hotela doo, which is majority owned by HTP Korčula and HTP Orebić. Cover photo: HTP Korcula, Port 9 The companies owned by Dalmacija Hotel have 7 hotels, an apartment complex and a camp with mobile homes with a total capacity of 1.000 accommodation units, while 6 hotels, 3 camps with mobile homes and a complex of villas in Istria, Kvarner and Dalmatia with a capacity of 3.850 accommodation units already operate under the Aminess brand. The combined companies employ more than 800 workers, and last year they realized about 1,43 million overnight stays with a revenue of 440 million kuna. “With this acquisition, HTP Korčula and HTP Orebić get a quality and proven partner that will ensure the continuation of successful business and added value for destination development. The takeover itself is coming, in a difficult time for tourism that we have not witnessed since the Homeland War, but it also shows the confidence of investors in the long-term perspective and sustainability of Croatian tourism. We are focused on achieving the synergy effects of united companies as soon as possible and preparing for the next, in many ways, challenging season. The goal is to connect and jointly develop all destinations in order to get the best possible tourist and economic effect, and preserve jobs in a region where tourism is one of the most important industries. The task is not simple, but we believe in the quality and potential of Korcula and Peljesac”, Said the President of the Management Board of Laguna Novigrad, Zrinka Bokulić. Aminess recently expanded its business to the island of Krk by taking over the management of the tourist company Hoteli Njivice doo, whose ultimate majority owners are also Oleg Uskoković and J&T Private Equity Group Croatia Investments. The company consists of two hotels, a villa complex and a camp that now operates under the Aminess brand. The value of the transaction is 140 million kuna, which will be provided by Laguna Novigrad by recapitalizing the indirect majority owner, the company Auctor Holding as from Prague, which is owned Oleg Uskokovic and J&T Private Equity Group Croatia Investments from Prague. The right to participate in the recapitalization of Laguna Novigrad will be provided to other shareholders in proportion to their participation in the share capital of the company. Considering the capacities and development potentials, the business goal of Laguna Novigrad is to be included among the 5 leading hotel groups in Croatia. With regard to the acquisition of a majority stake in the companies HTP Korčula and HTP Orebić, Laguna Novigrad will announce a mandatory offer to take over the remaining shares within the prescribed period. Dalmatia Hotels was established by the Prosperus FGS Economic Cooperation Fund, which became the majority owner in 2014 as part of a pre-bankruptcy settlement, thus avoiding the bankruptcy of two key hotel companies in southern Dalmatia.