ORCO’S MISSION IN SUNČANI HVAR HOTELS
In June 2005, Orco Property Group signed a partnership with Croatian State in Sunčani Hvar, thus becoming one of the leading investors in tourism and hotel assets in Croatia. Newly created brand Sunčani Hvar Hotels dedicated to innovations and improvements has started to change the look of Hvar’s hotel offer.
Since that time, with Orco at the helm, we have built 450 new four – star rooms. Supported primarily by Orco's vision and investments, Hvar has become one of Medditarean's top island destinations, and our renovated hotels, pearls of Adriatic, have been unanimously praised by both, demanding international travellers and top publications.
140 years ago, tourism was born on Hvar. Time has shown that we have spared no effort in fulfilling our guests' wishes and expectations. Learning from experience and building on a tradition of over a century, we are ready to take it to the next level.
Just imagine the possibilities…
*Orco Property Group is a leading investor, developer and asset manager in the Central European real estate and hospitality market. Operating in Central Europe since 1991, Orco Property Group is a public company, based in Luxembourg, and listed on the Euronext in Paris and on the Prague, Warsaw and Budapest Stock Exchange.
For more information about Orco Property Group please visit http://www.orcogroup.com/
- When Orco took over management of Sunčani Hvar in 2005, the company had 10 hotels, out of which 30% 3* hotels and 70% 2* hotels
- After Orco’s investments in Sunčani Hvar, today we have 30% 4* hotels, 20% 3* hotels and i 50% 2* hotels
- Orco’s transformational process of Sunčani Hvar continues.
Current ownership structure:
- Orco Property Group 55,55 %
- Croatian Privatization Fund 31,79 %
- Free float 12,66 %