October 12 (SeeNews) - Croatian hotel operator Valamar Riviera [ZSE:RIVP] has completed the acquisition of the entire capital of Austrian company Matthias Aichmann, the owner of the four-star Petersbuhel hotel in Obertauern, Valamar said.
Valamar plans to operate the hotel under its Valamar Hotels & Resorts brand as of the end of November, the Croatian company said in a filing with the Zagreb Stock Exchange on Thursday.
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The company will rename of the hotel to Valamar Obertauern Hotel 4*, Valamar Riviera said.
Obertauern is one of the bigger skiing centres in the Austrian Alps.
In August, Valamar said it purchased the entire capital of Matthias Aichmann.
Valamar Riviera owns two brands: Valamar Hotels and Resorts and Camping Adriatic. With the acquisition of Imperial in 2016, a hotel group on Rab Island, Valamar Riviera Group now operates 30 hotels and resorts and 15 camping resorts in five attractive destinations along the Adriatic coast – from Istria and the islands of Krk and Rab to Dubrovnik.