Prestigious Croatian Hotel loses ‘Regent’ flag to go Independent

Zagreb’s Hotel Esplanade will once again operate as an independent hotel, under the name Esplanade Zagreb Hotel, after eight years operating under the Regent flag.

Esplanade from 2004, after a complete reconstruction, has been doing business under the Regent brand as the Regent Esplanade Zagreb. The Regent brand recorded various growth rates, but eventually sold the company to Formosa International Hotels, the largest listed hotel operator in Taiwan.

Growth has not been achieved in accordance with the guidelines of the Esplanade and the hotel owners have therefore decided to make the hotel independent once again, reports Croatian radiotelevision.

Hotel Esplanade was built-in 1925 to provide top quality accommodation and services to passengers from the Orient Express, which stopped off on its travels from Paris to Istanbul.

Austrian company WSF Group, a group of private companies specializing in the development of international luxury hotels and sports facilities, took over the hotel in 2002.

“I believe that the time has come to go our own way as an independent hotel. Esplanade is a prestigious hotel and I am confident that we will achieve substantial growth,” said General Manager Ivica Max Krizmanic.