Four Seasons will open a luxury mixed-use resort on the Croatian island of Hvar inpartnership with specialist emerging markets investment bank Arqaam Capital.

The Four Seasons Resort Hvar, Croatia is expected to open in 2019, and will include a state-of-the-art spa and fitness centre, the company said.

Located on a prime waterfront site at Brizenica Bay along the Dalmatian Coast, the development will include a 120-bedroom hotel and 60 private residences ranging in size from one to five bedrooms.

“We are creating a natural retreat within a stunning, secluded enclave in on of the Dalmatian Coast’s most beautiful and private bays,” said Riad Meliti, chief executive officer of Arqaam Capital. “Four Seasons was the natural choice for us as they share our commitment to elegance, unrivalled service and luxury.”

The resort will have its own private bay, multiple swimming pools and private infinity pools, and a selection of restaurants, cafes, bars and boutiques, as well as conference and banqueting facilities.

“Croatia is one of Europe’s fastest-growing tourism markets and a highly sought-after leisure destination for discerning global travellers,” said J. Allen Smith, president and CEO of Four Seasons Resorts.