DTB has advised Dogus Croatia and Martimus B.V. on the sale of D-Resort Sibenik to Villa Dubrovnik and subsequent sale of a majority stake in Villa Dubrovnik to the Erste Pension Fund. Bogdanovic, Dolicki & Partners advised the buyer on the deal.
Villa Dubrovnik is listed on the Zagreb Stock Exchange and operates a five-star hotel in Dubrovnik.
According to DTB, the transaction is perceived as one of the most notable in the tourism sector in 2021 due to the volume of the deal and the fact that Villa Dubrovnik is one of a handful of luxury hotels on the Adriatic coast with huge popularity among premium guests.
DTB’s team included Senior Partner Damir Topic and Attorney Dina Salapic.