Przno Bay gets a five-star hotel
The Ministry of Sustainable Development and Tourism issued five construction licences to Qatari Diar, for construction of a luxury hotel in Montenegro’s Plavi Horizonti complex. The five-star hotel will be built on 33,500 square meters (sqm) of land it will consist of 9 residential villas (stretching across 8,300 sqm of land), underground parking lots, supporting facilities, roadways and other infrastructure.
These facilities will be constructed on the Przno Bay, where Plavi Horizonti Hotel used to exist.
As the media previously reported,the Tivat-based hotel operator HTM Primorje planned to build a tourism complex worth EUR 350 million. In 2010, the Qatari group bought a 300,000 sqm of land on the Przno Bay, paying EUR 25 million for it. According to the initial plans, the complex was to start operating by September 2014. Due to unresolved land ownership issues, the construction of the tourism resort was delayed.
Source: CDM