Divjak Topic Bahtijarevic & Krka has advised borrower Zadar Resort and sponsor Dogus Croatia on a EUR 31.2 million loan with Privredna Banka Zagreb and the Croatian Bank for Reconstruction and Development as the mandated lead arrangers. Mamic Peric Reberski Rimac advised Privredna Banka Zagreb and the CBRD.
According to DTB, "the facility will be used for the development of a five-star luxury hotel in Zadar, which will be under the management of the leading hotel operator Hyatt."
Dogus is one of the largest Turkish conglomerates with a long-standing operation in Croatia in the tourism and leisure industry. According to DTB, "the development of the luxury hotel in Zadar is one of the largest investments in hotel facilities in Croatia. The completion of the construction works and all investment of the hotel is expected in autumn 2024."
The DTB team included Senior Partner Damir Topic, Attorneys at Law Marta Hren and Barbara Simic, and Associate Jure Marovic.
The Mamic Peric Reberski Rimac team included Partner Luka Rimac, Junior Partner Frano Belohradsky, and Attorney at Law Lucija Roncevic.