The Government gave approval to the Ministry of State Property for the conclusion of the Annex I. contract for the realization of the Kupari project. Avenue Group expects to sign the annex with the Ministry in a few days. They have already submitted the letter of intent for their new project partner – world-famous hotel chain Four Seasons – Jutarnji.hr reports.
Avenue Group, who successfully bid for a 99-year concession for the former military resort of Kupari, had initially made a deal with Marriot Ritz-Carlton, however they pulled out of the deal and left the project hanging in the balance.
Consequently, Marriot is omitted from the term "Kupari Project" and the project is described as a complex of accommodation and other catering tourist facilities, which will be built in accordance with the applicable Municipal Plan of the Zupa Dubrovacka and the applicable regulations on categorization of five star category catering facilities.Quality will be guaranteed by a hotel operator who meets the requirements of a public call.
From the State Property Ministry, as well from the investor Avenue group, was announced today to HINA that the new hotel chain that will do project Kupari is one of the most luxurious in the world - the Four Seasons.
-We have already sent to the Ministry a Letter of Intent from the Four Seasons for the Kupari Project, and after we sign an annex, within 60 days, we will also provide the municipality with input data for making the plan – said Ivan Paladin from Avenue Group to HINA. He believes the annex will be signed very quickly, as he says, in couple of days.