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    Orco Property Group Reopens the Riva - Hvar Yacht Harbour Hotel
Following Reconstruction
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LUXEMBOURG, June 20, 2006 - "Opening of hotel Riva is a beginning of plans realisation of Orco Property Group, the majority owner of Suncani Hvar, about creating the luxury hotel offer based on the modern service combined with the tradition of the island Hvar. We are very proud on our present work and we will continue to create the hotel offer which will ensure the pleasant and unforgettable stay at the sunniest Adriatic island.", said Mr Dragan Lazukic, CEO SHH.
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In 2006 the Riva - Hvar Yacht Harbour Hotel was completely reconstructed
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New Suncani Hvar is in accordance with the respectable tourism which upholds the group Small Luxury Hotels. Namely, they educate the guests on local customs, tradition, culture and environment which is a different approach to all other luxury hotels. Therefore the construction works made in Riva reconstruction (previous Slavija hotel) placed on the Hvar coast were realised according to the conservationist instructions.
    
Today this hotel presents an exquisite example of the Dalmatian architecture with the beautiful view on Pakleni islands. The magic of Hvar taste can be tasted in Roots restaurant which offers traditional Hvar products combining the mixture of Dalmatian-Mediterranean cuisine, very attractive not just with the taste but also with the appearance.
    
Hotel Riva is a boutique hotel meaning that the guests experience a more intimate atmosphere and unique design dedicated to details. Riva interior proudly presents the modern and avantgarde solutions, which are a work of the London design studio Jestico&Whiles. The bathroom walls are transparent which give the additional intimate and provocative note. On the other hand, photos of James Dean, Brigitte Bardot, Audrey Hepburne and Ursula Andress placed above the bed, bring us back to the movie screen.
    
There are 56 luxury equipped rooms and 8 apartments in hotel Riva. The guests can enjoy the time in B.B. club, bar and restaurant where they can enjoy the international cuisine. The 24 hour room service is available, and the guests have the concierge service which offers numerous island activities - theatre plays, private dinners, picnic, fishing etc. Hotel Riva is a part of the world group Small Luxury Hotels of the World, which comprises 360 luxury hotels in 60 countries around the world.
    
Orco Property Group is a leading investor, developer and asset manager in the Central European real estate and hospitality market, currently managing assets of approximately EUR 737 million. Operating in Central Europe since 1991, Orco Property Group is a public company, based on Luxembourg and listed on both the Euronext and Prague Stock Exchange. Orco Property Group's portfolio includes IPB Real, MaMaison Residences, Orco Hotel Collection, Orco Real Estate, and other retail properties. Orco Property Group operates in a number of countries including, mainly, the Czech Republic, Hungary, Poland, Russia, Croatia, Germany and Slovakia. Orco Property Group is continually analyzing investments into new territories. Orco Property Group is also sponsor and manager of the Endurance fund, a Luxembourg-regulated, closed-end fund focused on Central European real estate assets and dedicated to institutional investors controlling assets of EUR 142 million.
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Contact:

Dragan Lazukic
Tel: +385-(0)21-750-050
dlazukic@orcogroup.com
http://www.orcogroup.com

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Also See: MaMaison Residences, a Subsidiary of Luxembourg-based Orco Property Group, Opens the Pachtuv Palace in Prague, Czech Republic / October 2004
J&T Global Signs Starwood's Newly Acquired Brand Le Meridien to Manage Planned Hotel in Prague, Czech Republic / December 2005
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