One of the world’s leading investment banks, Arqaam Capital and the leading luxury hotel chain Four Seasons Hotels and Resorts presented the Four Seasons Resort and Private Residences project, the construction of which will begin in late 2017 on the island of Hvar and will create 320 new jobs.The project worth almost a billion kuna is the first of its kind in Croatia and represents a major step forward in the offer for guests with high demands. In addition to five-star hotels, the complex will contain a hundred luxurious villas and residences from one to five rooms with all the accompanying leisure facilities, such as outdoor and indoor swimming pools, a top spa and fitness center, several restaurants and bars, congress halls and seaplane ports. The project involves world architects and designers from famous houses such as Gensler Architects, Scott Brownrigg and Richmond Hospitality Design and Tihany Design, and the entire project is led by the world-renowned house MACE.”Every hotel guest will experience an unforgettable experience, fully in line with the highest standards of the Four Seasons hotel chain. From luxury rooms designed by Richmond, superbly decorated private beaches, to a range of ancillary services offered by Four Seasons”, Explained Simon Casson, Director of Hotel Operations at Four Seasons Hotels & Resorts for Europe, the Middle East and Africa.The tourist mega-project in Brizenica Bay, not far from the Old Town on the island of Hvar, is being implemented by the investment bank Arqaam Capital in cooperation with the world-famous luxury hotel chain Four Seasons Hotels & Resorts, which will be in charge of its management. Wijsmuller believes that Croatia has a huge potential for the development of luxury tourism, and he is proud because they are the ones who once again show the world and the local community what can and should be done in Croatia.The importance of this project for the state is confirmed by the fact that last year it was included in the list of strategic projects of the Republic of Croatia, and this greenfield investment to strengthen Croatia’s position as one of the leading tourist destinations. “This extremely important project, ie an investment of almost one billion kuna, will be of great importance both for the Old Town on the island of Hvar, and for the whole of Croatia. With it, the island of Hvar gets the necessary quality accommodation capacities that will certainly encourage further investments in additional facilities and thus enable the continuation of the development of tourism on the island of Hvar. This is also an opportunity for the local tourist community to start with the complete management of the destination and thus make the island of Hvar a top and high quality destination. As an islander, I am especially glad to see that the potential of our islands has been recognized and I would be happy for such investments to be made on my island as well.”, Said the Minister of Tourism Gari Cappelli and added that this investment will certainly encourage other potential investors to pay more attention and look for investment opportunities on the island of Hvar, Split-Dalmatia County and our country in general.Dennis Wijsmuller, co-founder and CEO of Arqaam Capital, said he was proud that Arqaam Capital supports Croatia’s tourism development strategy and contributes to the social and economic development of the country, the island of Hvar, and especially the Old Town. “With the realization of this project, we are strengthening the tourist infrastructure in the region, creating new jobs and firmly positioning the island of Hvar on the global map of luxury destinations. Unfortunately, currently in this area there is no level and quality of service we plan to provide to our clients, and luxury accommodation and additional rich cultural, entertainment and catering facilities will contribute to the economic development of the island of Hvar, Split-Dalmatia County and the country. We are here with the intention of staying, regardless of the obstacles we have encountered so far. It’s all part of this process. “, added Dennis Wijsmuller and noted that the first guests in Brizenica Four Seasons – Resort and Private Residences are expected in 2019.Four Seasons – Resort and Private Residences Hvar is the first Four Seasons resort on the Adriatic. Investors plan to build a hotel with 120 rooms and about a hundred luxury villas and apartments that will be for sale to domestic and foreign clients. In addition to accommodation facilities, the complex will include a number of accompanying facilities for rest and recreation such as a swimming pool, a top spa and fitness center, several restaurants, cafes, bars and boutiques, as well as conference and banquet facilities.
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