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Four Seasons sets up in Croatia

Arqaam Capital has entered a partnership with Four Seasons Hotels and Resorts to manage and operate Arqaam's 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 in Brizenica Bay along the Dalmatian coast, Arqaam's luxury development will feature a 120-room Four Seasons hotel and 60 Four Seasons Private Residences ranging in size from one and two bedroom residences to three to five bedroom villas. The resort will have its own private bay; multiple swimming pools and private infinity pools; a state-of-the-art spa and fitness centre; a selection of restaurants, cafes, bars and retail boutiques; and conference and banqueting facilities.

"In Arqaam Capital we have found the ideal partner for our entry into Croatia, one who believes in the culture of Four Seasons and shares our values," said J. Allen Smith, President and CEO, Four Seasons Hotels and Resorts. "Arqaam's long-term vision, combined with their extensive experience in emerging markets and project development are key to positioning this project for success."

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