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        HOTEL PALACE PORTOROZ

        Signature(s)

        Amount
        € 35,000,000
        Countries
        Sector(s)
        Slovenia : € 35,000,000
        Services : € 35,000,000
        Signature date(s)
        9/12/2008 : € 35,000,000

        Summary sheet

        Release date
        6 August 2008
        Status
        Reference
        Signed | 09/12/2008
        20080310
        Project name
        Promoter - financial intermediary
        Hotel Palace Portoroz
        Istrabenz Hoteli Portoroz doo
        Proposed EIB finance (Approximate amount)
        Total cost (Approximate amount)
        EUR 35 million.
        EUR 75 million.
        Location
        Sector(s)
        Description
        Objectives

        Restoration and extension of a dilapidated, disused, city centre hotel to create an international standard 5 star hotel under a leading brand with 175 rooms, restaurants, wellness centre, underground parking, etc in an historic, landmark building.

        The proposed hotel should become one of the leading hotels in the Adriatic, primarily drawing on high-value leisure clients, but also conferences, exhibitions and other business events. The soundness of the business concept and market projections will be analysed at appraisal.

        Environmental aspects
        Procurement

        Compliance with EU Directive 97/11/EC, amending 85/337/EEC, will be verified during appraisal and the status of any environmental studies and public consultations will be reviewed.

        This is a private sector project, to which EU procurement Directives do not apply. The Promoter is following current industry practices based mainly on competitive consultations among potential suppliers of goods and services. The procedures employed will be confirmed at appraisal.

        Disclaimer

        Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
        They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

        General enquiries and comments

        The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
        Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
        Alternatively, the EIB can be contacted through its external offices.
        Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

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        Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

        Complaints mechanism

        Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

        Zero tolerance against fraud and corruption

        The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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