Croatia’s Maistra Hospitality Group has secured a sustainability-linked loan of up to €200m from the International Finance Corporation (IFC) to develop and renovate Hotel Marjan.
This marks the first blue loan in Croatia’s tourism industry, aimed at bolstering sustainable operations within the sector.
Hotel Marjan is located adjacent to the UNESCO-listed historic centre of Split.
The financing will also fund the modernisation of the Vrsar Holiday Village in the Istria campsite.
The loan offers Maistra incentives to enhance its social and performance, with interest rate reductions contingent…