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EAGLE HILLS ZAGREB REAL ESTATE TO ACQUIRE CROATIAN COMPANY SUNCE HOTELI

The majority owners of Sunce hoteli entered into the agreement with Eagle Hills, owned by Mr. Mohamed Ali Rashed Alabbar from the United Arab Emirates (UAE), to sell almost 70 percent of the stocks as announced on March 23, 2021 via the Zagreb Stock Exchange.

Eagle Hills Zagreb Real Estate will be buying 4.1 million of stocks, representing 69.7 percent of the share capital of Sunce hoteli. Sunce hoteli acts under the brand Bluesun Hotels & Resorts. The brand manages 11 hotels along the Adriatic coast, one camp and one leased facility, with a total accommodation capacity of 2,973, which makes it one of the largest hotel companies in Croatia. In addition, company owns 50.2 percent of the airport on the island of Brač.

Eagle Hills Group main business is real estate investment, real estate and property development with a focus on emerging markets across Europe, Middle East and Africa, with design and development of mixed-use facilities, including hospitality, residential, commercial and retail; and healthcare, known for globally renowned assets such as Burj Khalifa and The Dubai Mall. Globally, Eagle Hills already owns top luxury hotel properties that are operated by St. Regis, Mandarin Oriental, Fairmont, W Hotel and Westin.