Minor Hotels to Manage the Hotel Palace in Portorož
The Serbian company MK Group has signed a management agreement with the global hospitality group Minor Hotels for the operation of Hotel Palace in Portorož and the Adriatic Istria Resort in Savudrija. With this partnership, Minor Hotels is entering both the Slovenian and Croatian markets for the first time, while MK Group plans to invest €20 million in the renovation and upgrade of the two prestigious properties.
MK Group, the owner of Hotel Palace in Portorož, has partnered with global hotel owner and operator Minor Hotels, marking the group’s strategic expansion into Slovenia and Croatia. The agreement covers Hotel Palace in Portorož and the Adriatic Istria Resort in Savudrija, further strengthening the region’s upscale hospitality offer.
A total of €20 million will be invested in upgrading facilities and enhancing the guest experience at both properties. In Portorož, the historic Hotel Palace will operate under the prestigious Minor Reserve Collection brand. In recent years, the hotel was managed under the Kempinski brand. Meanwhile, the Adriatic Istria Resort in Savudrija will be transformed into a luxury resort under the Anantara brand, part of the Minor Hotels portfolio, with a particular focus on developing its spa and wellness offering.
Minor Hotels manages a global portfolio of more than 640 hotels and projects under development across 59 countries. In Europe, the group is present in major cities such as Vienna, Rome, Lisbon and Budapest, and is continuing its expansion across Central and Southeast Europe.
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