Arqaam, Four Seasons ink deal for Croatia resort
Four Seasons Resort Hvar, Croatia is expected to open in 2019
UAE-headquartered investment bank Arqaam Capital has entered into a partnership with Four Seasons Hotels and Resorts to manage and operate a luxury mixed use resort currently being developed on the island of Hvar in Croatia.
Four Seasons Resort Hvar, Croatia is expected to open in 2019.
Located on a waterfront site at Brizenica Bay along the Dalmatian coast, Arqaam’s luxury development will feature a 120-room Four Seasons hotel and a luxury residential community including 60 Four Seasons private residences ranging in size from one and two bedroom residences, to three to five bedroom villas.
Riad Meliti, chief executive officer of Arqaam Capital, commented: “We are creating a natural retreat within a secluded enclave in one of the Dalmatian Coast’s most beautiful and private bays. Four Seasons was the natural choice for us as they share our commitment to elegance, unrivalled service, and luxury.”
J Allen Smith, President and CEO, Four Seasons Hotels and Resorts, said: “In Arqaam Capital we have found the ideal partner for our entry into Croatia. Arqaam’s long-term vision, combined with their extensive experience in emerging markets and project development are key to positioning this project for success.”
The resort will have its own private bay; multiple swimming pools and private infinity pools; a spa and fitness centre; a selection of restaurants, cafes, bars and retail boutiques; and conference and banqueting facilities.