Montenegro Overview
Situated on the coasts of Adriatic Sea is a tiny republic of Montenegro. Though small, this newest European nation is certainly
not short on places of interest for the visitors. The country announced its independence from the former Union of Serbia
and Montenegro in 2006 and became the then World’s newest sovereign State.
Having announced its arrival on the world map, Montenegro is raring to go after the global travellers, and showcase its
vast reservoir of places of tourists’ interest. Of course, being a coastal republic, the visitors are simply pampered for
choice among 117 pristine sandy beaches along the Adriatic Coast.
While you are left to wonder about the coastal beauty of the country, you are missing on the thrill of old towns, like Budva,
Kotor (UNESCO World Heritage Site), Herceg, Novi, Perast, and Bar. Some of the hot destinations around include, beautiful
Boka Kotorska Bay, Tara Canyon (the deepest canyon in Europe), peaks of Durmitor National Park, Biogradska Gora (Europe’s
last rainforest), Skadar Lake (largest lake in the Balkans), Ostrog Monastery (situated on the almost vertical cliff of Mount
Ostrog), etc.
10 reasons to invest in Montenegro
1. Tourists visiting Montenegro is increasing at a rate of 17% per year and it is one of the top 10 holiday
destinations in the world.
2. By 2014 Montenegro is expected to become the fastest growing tourist destination in the world.
3. Since 2000 the economy has been growing steadily at 3.1% and inflation has remained below 4.5%.
4. The land laws of Montenegro give foreign investors equal status with Montenegrin investors, with full deeds
and title to land and real estate.
5. Over 80 tour operators from more than 15 countries, including 6 in the UK organize holidays to Montenegro.
6. Government backed tourism - the Government of Montenegro has introduced legislation to support and encourage
investment, which includes a Free Trade Zone status for suitable foreign investments, repatriation of earnings and residency
rights.
7. Funds are being invested by the EU - the ERBD Bank invested €11 billion in 2003 into airports.
8. In 2004, the World Travel and Tourism Council, a trade group of business leaders, highlighted Montenegro
as the 'fastest growing travel and tourism economy in the world'.
9. Property is already in demand especially from the Russians, the British and the Irish following on from
independence from Serbia in June 2006 and a stable economic and political climate.
10. The property buying process has improved and is relatively straightforward when buying off-plan.
Photo Gallery
Property Information:
The Hotel is situated within the attractive tourist settlement ,on the coast of the Adriatic Sea 150 meters of the beach
belongs to the Hotel and is intended for the Hotel’s guests merely.
The hotel was completely renovated in 2005
Land Area (16.020 m2) Built up area (the area of the hotel is 18.592 m2
The area of the garages is 2.000 m2
The area of the congress center is 2.000 m2
The area of the aqua park is 7.500 m2)
Number of rooms (230 rooms/ 547 beds) Hotel’s amenities: 230 hotel rooms (with 547 beds)
All rooms have been equipped with mini bar, safe box, cable TV, direct telephone line, access to Internet, hair drier, black
out curtains, anti-allergenic mattresses and fire resistant blankets
Restaurant, with 600 seats
Coffee bar with 120 seats
A beach restaurant-pizzeria with 300 seats
A lobby bar , with 100 seats
Two restaurant gardens, with 200 seats;
Night club/cabaret with 200 seats
Wellness&Spa Center Beauty salon
Hair dressing salon
Congress Center, with 1.300 seats
Aqua Park, capable of accommodating 1.000 visitors at a time Outdoor swimming pool with whirlpool, children’s’ pool, fountains,
river, fishpond
Art gallery
TV room
Rent-a-car service
Garage with parking spaces (3400 sqm, 130 vehicles-video surveillance and security guard service 0-24h
Property Asking
Euro 59M (Negotiable)
Request Hotel Profit & Loss Statement at Members Site
