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'SHERATON' HOTEL IN ZAGREB MARKS FIFTH ANNIVERSARY

ZAGREB MARKS FIFTH ANNIVERSARY ZAGREB, Jan 16 (Hina) - In the five years since its opening in the Croatian capital, "Sheraton" hotel has achieved better results than expected, said the hotel's director-general, Andjelko Leko, in Zagreb on Tuesday, corroborating this statement with the fact that the foreign currency earnings accounted for some 60 percent of the entire income of the hotel in the said period. Of the overall income, 66 percent was made through renting rooms, and 34 accounted for other services. Director Leko is expecting better business results in the coming years thanks to the improvement of general conditions for business in Croatia. In the last five years, foreigners accounted for 90 percent of accommodated guests in hotel's rooms, whereas Croatians made bigger turnover in other sectors and services of the hotel such as restaurants, Leko said. The construction of Sheraton hotel in Zagreb started in 1987 and f
ZAGREB, Jan 16 (Hina) - In the five years since its opening in the Croatian capital, "Sheraton" hotel has achieved better results than expected, said the hotel's director-general, Andjelko Leko, in Zagreb on Tuesday, corroborating this statement with the fact that the foreign currency earnings accounted for some 60 percent of the entire income of the hotel in the said period. Of the overall income, 66 percent was made through renting rooms, and 34 accounted for other services. Director Leko is expecting better business results in the coming years thanks to the improvement of general conditions for business in Croatia. In the last five years, foreigners accounted for 90 percent of accommodated guests in hotel's rooms, whereas Croatians made bigger turnover in other sectors and services of the hotel such as restaurants, Leko said. The construction of Sheraton hotel in Zagreb started in 1987 and finished in 1996. For this purpose 140 million German marks were invested, and the hotel should yet settle about 10-million-debt from loans. The debt is likely to be paid back in next six and a half years, Leko told last evening's news conference, organised on the occasion of the fifth anniversary of the hotel. He also explained that this debt did not encumber the solvency of the hotel which regularly paid salaries to its employees and all other obligations. The director-general of the chain of Sheraton hotels, Gunnar Sanne, spoke about new programmes to be launched to enhance and equalise the quality of services in all Sheraton hotels. "Sheraton Hotel Zagreb" is a part of the corporation 'Starwood Hotels and Resorts World Ide' with over 700 five-star hotels in 80 countries. Sheraton is one of five chains of hotels within the corporation. Sheraton in Zagreb employs 300 workers, has 320 deluxe rooms and apartments, restaurants and bars. In the past years, the hotel organised several important conferences, economic and political events. Croatia's Tourism Minister Pave Zupan Ruskovic addressed the present at the last night's ceremony of celebration of the fifth anniversary of Sheraton in Zagreb. (hina) ms

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