Helios Faros comes out of bankruptcy: Valamar and PBZ Croatia osiguranje are investing HRK 650 million in reconstruction

first_imgHelios Faros dd has been the holder of the Starigrad tourist offer for several decades, and has been in bankruptcy since February 2016. It has the capacity of category 2 * -3 *, which includes 1,465 beds in the tourist facilities of the hotel Arkada 2 * and Lavender 3 *, apartments 2 * and camp Jurjevac. Helios Faros came out of bankruptcy, the Zagreb Stock Exchange, and the conclusion of the bankruptcy Valamar Riviera acquires full membership rights as a holder of 2.280.000 shares over the company HELIOS FAROS from Hvar. Through the partnership of PBZ CO and Valamar, which will manage the hotel and tourist facilities and facilities of HELIOSFAROS, a new phase of tourism development will begin in the Old Town on the island of Hvar. As previously announced, PBZ Croatia osiguranje dd and Valamar Riviera dd have proposed a five-year investment plan in tourist property in the amount of HRK 650 million. Through the complete renovation and construction of two high-category resorts with a capacity of about 700 accommodation units, the portfolio of Helios Farosa dd will be repositioned according to the premium offer, which will give the destination Stari Grad its attractiveness and recognizability. According to this plan, Helios Faros would employ about 500 staff after the renovation of the Arkada and Lavender hotelscenter_img Following the subscription of the share capital increase, Valamar now owns 23,61% of Helios Faros shares, and PBZ Croatia osiguranje 70,83%, while the share capital of Helios Faros has increased from today’s HRK 5,36 million to HRK 96,56 million.  All bankruptcy creditors have been settled in the procedure, so the preconditions for concluding bankruptcy proceedings against HELIOS FAROS have been met, reads the decision of the Commercial Court in Split.last_img read more


first_imgCara House has launched its ‘One in a Million’ appeal and is asking the Letterkenny Community for its support in obtaining better premises.There will be a public meeting tomorrow, Tuesday, September at 7pm in The Station House Hotel.The current premises are completely overwhelmed by the number of activities on offer and the number of adults and children using the centre, the organisation said in a statement. Cara House runs activities to suit people from the cradle to the grave! There are Crèche and Afterschool clubs for children – A Coderdojo Club and Group Grinds for teenagers – A range of activities for adults suit those with time on their hands in the daytime, especially those who want to be part of an Active Age Group as well as a full range of services from a Café to Drop in room and a Helping Hands Service.Susan McCauley, co-ordinator of Cara House, said: “We have been looking for new premises for two years without any luck. Everywhere was too expensive, not fitted out or unsuitable.“As a result we feel we would be better to get a purpose built facility. Everybody says, “Oh that would cost a million!” so we are asking people to be one in a million and give one in a million!’There are European and Government Grants that Cara House is hoping to access but there are many things that individuals in the Letterkenny community can do to support Cara House, said Susan. The first fundraising activity will be on 6th October with a guest tea in Bonagee Hall. Cara House is also collecting newspapers and asking people who have skills to knit or make items to do so in support of their Christmas sale.Over the past ten years so many people have availed of courses in Cara House and they or their family are asked to remember the benefits they received and support the initiative. The family centre would benefit so many more people and provide a central point where people could access services.People are asked to come along to the meeting and offer your support and let us know what you would like to see develop – tomorrow = Tuesday September 15th 7pm Station House Hotel. CARA HOUSE IN SEARCH FOR NEW PREMISES AS SERVICE ‘OVERWHELMED’ was last modified: September 14th, 2015 by John2Share this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:appealCARA HOUSEletterkennynew premiseslast_img read more