Parallel to globalization, mergers and acquisitions have become not only a way of external corporate growth, but also a strategic choice of companies that ensures the long-term development of basic capabilities. In recent decades, mega mergers have also changed the structure in certain industrial sectors, and have gained attention at the international level. Business combinations in the Republic of Croatia, looking at the period from 2011 to 2020, record 475 completed transactions of acquisitions and mergers, the value of which reached up to EUR 5,847.6 million. The largest number of acquisition transactions is attributed to the IT sector, and the least to the finance and real estate sector. This paper presents and analyzes the acquisition of two selected hotel companies: HUP-Zagreb d.d. and Adris Group d.d. With this kind of investment, the Adris Group expands and strives to become a leading national company in the hotel industry. Strategic investments enable the expansion of business and synergistic effects such as the rapid development of value in the domain in which it operates and the creation of new jobs.