Recent Changes on Weekly Rest Day Flexibility in the Tourism Industry
July 2025
The Employment Law team of our member firm Kolcuoglu Demirkan Kocakli has recently issued a client alert “Recent Changes on Weekly Rest Day Flexibility in the Tourism Industry”.
You may read the firm’s new client alert here.
KG Advised CBE Capital on EUR 95 Million Financing for Six Senses Hotel in Porto Heli
April 2024
KG Law Firm’s Project Finance and Banking & Finance teams acted as Greek legal advisor to CBE Capital and the consortium of sponsors in securing a EUR 95 million senior bond loan facility from Piraeus Bank for the development of the Six Senses Hotel and branded residences in Porto Heli, Greece. The team at KG Law Firm facilitated the structuring, drafting and negotiation of transactional documents, as well as coordinated with lenders and provided comprehensive support throughout the implementation of the transaction. The EUR 150 million development, which is already being enlarged…
DTB Assisted with Sale of Hotel Bonavia
January 2024
Our member firm Divjak Topic Bahtijarevic & Krka acted as legal counsel for the seller, Plava laguna d.d., in relation to the sale of the stunning four-star Hotel Bonavia, located in the heart of Rijeka, to Bonavia Rijeka d.o.o. Plava laguna d.d. manages an extensive portfolio of tourist facilities in Croatia, including hotels, resorts and camps.
DTB’s team, led by the Managing Partner Emir Bahtijarevic, was comprised of attorneys Sanja Novoselic and Barbara Simic. The team provided legal advice and support to the client in due diligence, negotiations, structuring of the…
Sale of 100 % Shareholding in the Subsidiary UNITUR d.o.o., Zreče, Slovenia
June 2023
The company operates the spa resort Terme Zreče and the ski center Rogla. According to the annual report of the company, with just over 300 employees, it exceeded its revenue targets by more than 15%, with revenues generated at Rogla accounting for slightly more than half of the total and revenues booked at Terme Zreče accounting for slightly less. Compared to 2021, the revenues at Rogla increased by 62% and at Terme Zreče by 26%. Unitur ended the last financial year with a net profit of just over EUR 500,000. Last year, the company invested EUR 3.1 million, including EUR 1.5 million…
Pinea Project
June 2023
Valamar Hotels is restarting the investment in the Pinea project in the total value of EUR 130 million, the construction of which started in 2019. The new resort will have over 500 accommodation units, and the entire project is completely designed in BIM technology.
Panorama Hills Resort Hadzici
January 2023
The Panorama Hills resort is situated in the vicinity of the capital city of Sarajevo, just 28 km away from the airport and is, therefore, very accessible. It is set to cover the area of 246,000 m2. The complex consists of 215 parcels for different purposes, of which 190 parcels are planned for individual objects. There are four parcels predetermined for a health care centre, one parcel for a restaurant and one parcel is reserved for a market. The rest of the parcels are intended to be public green areas, such as parks and playgrounds. Within these public areas, there is a lake and…
Reconstruction of the Kastel Fortress, Banja Luka
December 2022
The Kastel fortress is a medieval fortification situated in Banja Luka. The entire complex stretches across 48,000 m2. At present, the fortress is used by residents and visitors of Banja Luka in an inefficient fashion. A project conceptual design proposed solutions in the reconstruction and revitalization of the Kаstеl in accordance with the cultural and historical values of the fortress and the city. Technical documentation for the reconstruction and revitalisation is being currently prepared, along with the documentation defined by Law of Spatial Planning and Building. Currently,…
Sale of Several Tourism Facilities
May 2022
Sava Turizem
Sava Turizem d.d. and its umbrella brand Sava Hotels & Resorts is the largest Slovenian tourism company in Slovenia that operates 7 destinations:
Sava Hotels Bled
Terme 3000 – Moravske Toplice
Terme Ptuj
Zdravilišče Radenci
Hoteli Bernardin Portorož
Salinera Resort Strunjan
San Simon Resort Izola(under management)
The largest owners of the Sava Group are the financial fund York Global Finance Offshore, which had a 43.23% share at the end of 2020, followed by the state-run fund KAD with 28.05% and the state’s capital assets manager Slovenian…
Eco-Zone Koricani, Vlasic
April 2022
This is a multi-entity project located in the Koricani village whose administration consists of the municipality of Knezevo, the entity of Republika Srpska, and also the Municipality of Travnik, the entity of the Federation of B&H. The location is designated as a protected ecozone. All necessary infrastructure, paved roads, electric net and water supply have been already provided. The Eco-Zone has obtained all the necessary approvals from the competent governmental authority regarding the construction of the Eco Centre.
The project involves the construction of an aqua centre, educational…
Eco-Village of Grabovica, Tomislavgrad
March 2022
The Eco-Village of Grabovica was founded in 2007, and it has been open for tourists since June 2013. The visitors can enjoy the natural beauty of Busko Lake and the residents’ hospitality and spend an active vacation in the beautiful landscape of the rural idyll. The Busko Lake, at an altitude of 700 meters, has an area of 55.8km², and it is one of the largest lakes in Europe. The lake is located on the border between Bosnia, Dalmatia, and Herzegovina, so its natural position and climate conditions are the reasons why it attracts so many tourists.
The first phase of Grabovica Eco-Village…
DTB Assisted Villa Dubrovnik in the acquisition of D-Resort Sibenik
September 2021
Dogus Croatia (Croatian subsidiary of one of the largest private-sector conglomerates in Turkey) and Martimus B.V. completed the sale of a majority stake in Villa Dubrovnik to Erste Pension Fund. Villa Dubrovnik (a company listed on Zagreb Stock Exchange) operates a five-star hotel in Dubrovnik and is the owner of another luxury hotel, namely, D-Resort Sibenik.
The transaction is perceived as one of the most notable in the tourism sector in 2021 due to the volume of the deal and the fact that Villa Dubrovnik is one of a handful of luxury hotels on the Adriatic coast with huge popularity…
DTB Assisted in the Listing of Villa Dubrovnik on Zagreb Stock Exchange
Divjak Topic Bahtijarevic & Krka (DTB) advised Villa Dubrovnik, a company operating a luxury 5-star hotel in Dubrovnik, in connection with its initial listing of shares on the Zagreb Stock Exchange.
