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Zagreb's oldest hotel celebrating 105 yrs in business

ZAGREB, April 8 (Hina) - Zagreb's oldest hotel, the Palace, is celebrating 105 years in business this year, expects 2012 to continue last year's positive business results and has announced the opening of a new health club and spa for May 1.

Director Josipa Jutt Ferlan said on Monday that as of this year, the hotel was the first in Croatia to be classified as a heritage hotel.

The average annual occupancy rate is 64 per cent, which is above the Zagreb average.

In 2011, the Palace saw an 11 per cent increase in revenues, a 25 per cent increase in operating profit and a 34 per cent increase in net profit.

The Palace is located in downtown Zagreb, has 118 luxury rooms, three suites and two semi-suites, a total of 170 beds, two restaurants, and several conference halls.

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