Dalma dd, Split

Dalma d.d., Split
Company name: Dalma d.d.
Address:
21000 Split, Kopilica 5
Web site:
www.hoteldalmina.hr, www.brzet.hr
TRANSACTION
Republic of Croatia through the Agency for State Property Management
(AUDIO) has the goal to finish the privatisation process of its tourism
portfolio (hotel companies owned and partially-owned by the Republic of
Croatia).
Sales model: shares will be sold through a public tender. Public tendering
will consist of two steps:
• step 1 – stating the interest to invest in a formal letter of intent
to buty shares,
• step 2 – bid invitation will be sent to companies/individuals that
expressed interest in buying shares.
Objective:
To expand current business activities by investing in modernisation of
existing facilities and construction of new facilities and amenities, raising
service quality and introducing modern destination management practices.
COMPANY
Dalma d.d. was originally established as a trading company. However, with the expansion of the City of Split it re-oriented its
business from trading to tourism. Its business is implemented through two tourist facilities: the Dalmina Hotel in Split and
the Brzet Hotel in the neighbouring town, Omiš. As part of the Company there are two other companies: Dalma Transport and
Cargo Terminal.
The Company owns a 26,000 m2 business complex where it plans to build a new hotel (the Dalma – Maritime Project). It should
become an independent profit-generating entity. The new hotel should have 172 accommodation units furnished to obtain
four-star category and it should employ approximately 100 employees.
Dalma’s guests are predominantly from abroad and they accounted for more than 80% of all guests in the last three years.
SALE
Shares on sale: 1,046,303 (84.30% of share capital)
Average price on stock market: listed company but without trading history
FINANCIAL DATA, in EUR
Year
Operating revenues
Operating expenses
2009
2010
2,012,933
1,851,600
3,223,200
4,664,533
(1,210,267)
(2,812,933)
(842,533)
(2,529,200)
Net income
(1,583,733)
(3,483,867)
Total assets
27,486,000
27,074,667
9,242,000
12,409,067
EBIT
EBITDA
Total liabilities
Agency for Investments and Competitiveness, Ulica grada Vukovara 78, 10 000 Zagreb, Croatia
DISCLAIMER: Information contained in this document has been provided by Agency for Investments and Competitiveness of the Republic of Croatia. Purpose of this document is to give short information
about companies and/or investment possibilities to potential investors.The profile is for information purposes only. No responsibility or liability is accepted for the information in this document.
REAL ESTATE PORTFOLIO
The total accommodation capacity is 306 beds distributed between the
hotels Dalmina and Brzet.
Hotels:
• Dalmina (****); a new hotel in the City of Split with 52 accommodation units, a cocktail bar and congress facilities; especially
created to meet the needs of business people,
• Brzet (***); the pavilion-like hotel close to Omiš with 88 accommodation units, consisting of three 2-level pavilions with total facility
area of 2,606 m2 and net land area of 17,363 m2.
Convention centre:
• There are congress facilities in hotel Dalmina (166 m2) with a meeting room and a conference/banquet hall accommodating up to 200
people.
Additional facilities:
• The Kopilica Complex with a total area of approximately 26,000 m2
with approximately 24,000 m2 gross construction capacity,
• 12 smaller offices on the outskirts of Split.
SPLIT-DALMATIA COUNTY INFORMATION
Population: 455,242
GDP per capita: 7,952 EUR
Unemployment rate: 24.0%
Average gross monthly salary: 961 EUR
Average gross salary in the sector (tourism): 878 EUR
The Split-Dalmatia County encompasses the territory of the historical region of Dalmatia, and is easily accessible via Highway
Zagreb-Split and Split International Airport.
The most important economic activity is tourism. There is a total of 117 hotels (2 five-star and 39 four-star hotels, while the
remaining 76 are three- or two-star). In addition to hotels, accommodation is provided in apart-hotels, tourist resorts, tourist apartments and auto camps. The overall accommodation capacity provided is approximately 13,000 beds. There are 10
marinas (4 on the islands and 6 on the mainland) with a total of 1,814 berths.
The present international hotel chains in Split include Le Meridien Lav and Hotel Hilton Marjan which is planned for opening.
The County’s tourist potential includes: a rich heritage and cultural offer, catholic pilgrimage destinations, active and sport
holidays and health tourism. There are UNESCO heritage sites in Split (Diocletian Palace) and Trogir; catholic pilgrimage
destinations (Sinj, Vepric and vicinity to famous Medjugorje); rafting on the River Cetina in Omiš area and hiking, walking and
cycling paths on mountains Marjan and Biokovo.
A large number of high schools offer education in the hospitality and catering sector, while the Split University provides
undergraduate and graduate programs in tourism.
PRIVATISATION PROCEDURE
After submitting a formal letter of intent, receiving a bid invitation and signing the NDA the potential investor could participate
in due diligence procedure.
Upon bid submission the best bidder will be selected based on tender criteria.
CONTACTS:
Agency for Investments and Competitiveness (AIK), www.aik-invest.hr, e-mail: [email protected]
Agency for State Property Management (AUDIO), www.audio.hr, e-mail: [email protected]
Agency for Investments and Competitiveness, Ulica grada Vukovara 78, 10 000 Zagreb, Croatia
DISCLAIMER: Information contained in this document has been provided by Agency for Investments and Competitiveness of the Republic of Croatia. Purpose of this document is to give short information
about companies and/or investment possibilities to potential investors.The profile is for information purposes only. No responsibility or liability is accepted for the information in this document.