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Major scheme on the Montenegrin coast announced
Country: Montenegro
10 October 2008
Plans for what will be the largest and arguably most luxurious new project on the Montenegrin Riviera, Royal Montenegro Grand Resort have been announced.
The scheme will feature a 5-star, 220-room hotel and conference centre, a casino, nightclub, a mega-yacht marina club, spa, gym, villas, lodges and condominiums, as well as commercial developments including retail outlets, restaurants and cafes. In total the project is divided into four distinct zones and will cover some 66,000 m2.
The project will be located 5 miles south of Budva and 2.5miles north of Petrovac, and half a mile from Sveti Stefan, at Skocidjevojka, and will open in 2010.
Andreas Marambos, managing director for Colliers International Montenegro, who have been appointed the exclusive consultant for the development, says: “Royal Montenegro Grand Resort is a fabulous, landmark project that will transform Montenegro’s Riviera and play a major part in the future of Montenegro’s tourism industry.”
Browse other Montenegro property news stories, read articles about investing and buying property in Montenegro or view our range of property in Montenegro.
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