Invest in a new property in an excellent location in Montenegro’s thriving seaside tourist center
This Project is the construction of a new 100 room, four-star hotel in the city center of Budva, Montenegro. The site is near the city yacht marina (100meters), and close to many beaches and the Old town, which is the main tourist attraction and activity center of the city. The hotel will have view to the Adriatic Sea, and due to its location could operate not only as summer season destination, but also as a city hotel all year round. The land is about 2,000 sqm. The hotel building is approved for about 9,000 sqm of space above ground and 4,000 sqm underground. Construction could start immediately.
Located on the Adriatic Sea, Budva is Montenegro’s main tourist city and earns almost half of the country’s tourism industry income. The city is known for its sandy beaches, Venetian and Mediterranean architecture, and nightlife. In 2010, Budva hosted over 550,000 tourists. The Developer and owners of the property have plans to develop several other hotels on another site in Budva that is also close to city center, with direct access to the beach. This land is about 17,000 sqm, and is currently in the process of urban planning approval with the target to build a resort of about 30,000 sqm of space.
Sector: Hospitality
Segment: Hotels
Location: Montenegro
Financing Size: $15m
Contact: Ljubomir Radjenovic
Company : Montora Software doo
Telephone: +382 6908 0845
E-mail: [email protected]
New Hotel in the Adriatic Beach Resort City Budva
