Release date: 6 August 2008
Promoter – Financial Intermediary
Istrabenz Hoteli Portoroz dooLocation
Description
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.
Objectives
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.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 35 million.
Total cost (Approximate amount)
EUR 75 million.
Environmental aspects
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.
Procurement
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.
Status
Signed - 9/12/2008
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).