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 among premium guests.
assisted Villa Dubrovnik and the sellers, respectively, in the acquisition of D-Resort Sibenik by Villa Dubrovnik and subsequent disposal of a majority stake in Villa Dubrovnik to Erste Pension Fund. Our team covered all aspects of these transactions and our M&A team was headed by senior partner Damir Topic and attorney Dina Salapic.