Chinese investor plans to invest 20 mln euro in Kumrovec
Chinese investor plans to invest 20 mln euro in Kumrovec
Author: CSEBA / SEEbiz
25th May 2019
KUMROVEC - Chinese company Zhongya Real Estate plans to invest some 20 million euro ($22.4 million) in the Zagorje Hotel in Kumrovec, some 60 km from Croatia's capital Zagreb, local media reported on Friday, quoting the company's co-owner Jiang Yu.

Earlier this month, Zhongya Real Estate offered to pay 1.9 million euro for the Zagorje Hotel, above the call price of 1.6 million euro requested by the state. The Croatian government is yet to decide whether to accept the offer.

 "I think that this area is suitable for congress and health tourism," Jiang Yu said.
Yu attended a ceremony in Kumrovec, some 60 kilometres northwest of Zagreb, at which State Assets Minister Goran Maric presented municipal head Robert Splajt with a decision whereby the recreational area in the municipality's Razvor settlement would be transferred to the ownership of Kumrovec municipality.

The Chinese businesswoman answered questions from the press about her plans for investments in the former political school.

She said that according to an initial estimate, around EUR 20 million would be invested in the project.

We are interested in developing some types of tourism and I believe that this area is suitable for congress and health tourism, Yu said, adding that cooperation with the tourism sector on the coast was possible but that the plan was to develop year-round tourism in Kumrovec.

Asked how much the fact that former Yugoslav leader Josip Broz Tito was born in Kumrovec would be used for tourism purposes, Yu briefly said that they respected history and that Tito was a very important part of the region's history.

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