Nestled along the stunning Istrian coastline, the town of Poreč is set to receive a major upgrade with the construction of a new luxury hotel, part of a €200 million investment by Valamar.
The project, located in the Pical zone, represents the largest single tourism investment in Croatia to date.
The five-star hotel, which will cater to both leisure and business visitors, promises to drive year-round tourism to the region, with an estimated €3 million in annual contributions to the local budget.
In addition, the influx of guests is expected to generate approximately €15 million annually for local businesses.
The development will also benefit residents, offering free access to beaches, promenades, and recreational areas.
A new business centre, with the region’s largest conference facilities, will further solidify Poreč’s position as a hub for corporate events.
With a workforce of over 700 people, the project is set to create significant job opportunities, while ensuring 80% of staff are locally sourced. Completion is slated for the end of this year.