Arqaam Capital and Four Seasons Announce Plans for Luxury Resort in Croatia
DUBAI, United Arab Emirates, March 29, 2016 /PRNewswire/ -- Arqaam Capital ("Arqaam"), the specialist emerging markets investment bank, has entered into a partnership with Four Seasons Hotels and Resorts, the world's leading luxury hospitality company, to manage and operate Arqaam's luxury mixed use resort currently being developed on the island of Hvar in Croatia. Four Seasons Resort Hvar, Croatia is expected to open in 2019.
Located on a prime waterfront site at Brizenica Bay along the Dalmatian coast, Arqaam's luxury development will feature a 120-room Four Seasons hotel and a luxury residential community including 60 Four Seasons Private Residences ranging in size from one and two bedroom residences to three to five bedroom villas.
Riad Meliti, Chief Executive Officer of Arqaam Capital, commented, "We are creating a natural retreat within a stunning, secluded enclave in one of the Dalmatian Coast's most beautiful and private bays. Four Seasons was the natural choice for us as they share our commitment to elegance, unrivalled service, and luxury. They have a long history, a strong and undiluted brand, and an uncompromising dedication to the highest standards."
"In Arqaam Capital we have found the ideal partner for our entry into Croatia, one who believes in the culture of Four Seasons and shares our values," said J. Allen Smith, President and CEO, Four Seasons Hotels and Resorts. "Arqaam's long-term vision, combined with their extensive experience in emerging markets and project development are key to positioning this project for success."
Continued Smith, "Croatia is one of Europe's fastest growing tourism markets and a highly sought-after leisure destination for discerning global travellers. We look forward to working together with Arqaam to create a world-class property in Hvar."
The resort will have its own private bay; multiple swimming pools and private infinity pools; a state-of-the-art spa and fitness centre; a selection of restaurants, cafes, bars and retail boutiques; and conference and banqueting facilities.
About Arqaam Capital:
Arqaam Capital is a specialist emerging markets investment bank, bringing regional and international product offerings to the emerging markets. Arqaam Capital combines international best practice with expertise in the markets in which we operate. Our primary role is to provide financial intermediation and create investment opportunities for emerging markets investors looking to invest in their own markets and abroad, as well as international investors seeking opportunities in target emerging markets. Arqaam Capital is headquartered in the Dubai International Financial Centre (DIFC), with additional offices in Egypt, South Africa and Lebanon. Arqaam Capital has ten business lines - Corporate Finance, Asset Management, Cash Equity, Credit Trading, Equity Derivatives, Capital Markets Advisory, Infrastructure, Principal Finance, Treasury and Custody. In addition, Arqaam provides in-depth research on listed Middle East and Africa (MEA) companies across 26 countries and a wide-range of sectors, including the largest global coverage of MENA equities.
www.arqaamcapital.com
About Four Seasons Hotels and Resorts
Founded in 1960, Four Seasons continues to define the future of luxury hospitality with extraordinary imagination, unwavering commitment to the highest standards of quality, and the most genuine and customised service. Currently operating 97 hotels, resorts and residences in major city centres and resort destinations in 41 countries, and with more than 50 projects in development, Four Seasons consistently ranks among the world's best hotels and most prestigious brands in reader polls, traveller reviews and industry awards. For more information and reservations, visit fourseasons.com. For the latest news, visit press.fourseasons.com and follow @FourSeasonsPR on Twitter.
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SOURCE Arqaam Capital
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