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Around 40 million to be invest in Ritz Carlton Montenegro in 2020

Around 40 million to be invest in Ritz Carlton Montenegro in 2020

An investment of 39,62 milion is planned to be invest in the realisation of the Ritz Carlton Montenegro resort in Herceg Novi. The new resort in Herceg Novi,on Lustica peninsula will be built by renowned companies Northstar and Marriott.

In the report on the investments realised in the first 11 months of 2019, in line with the decision on a long-term lease of the land in the Herceg Novi, it is said that during the last year 7.69 million Eur was spent for the realisation of this project.

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After the cooperation with Marriott in July 2019, the Montrose project was given the official name of Ritz Carlton Montenegro.

Ritz Carlton Montenegro will be a hotel with 300 units: 120 hotel units and 180 apartments.

The first phase of the project, which entails the construction of a hotel, 113 apartments and 13 villas, as well as four restaurants, is expected to be completed in the summer of 2023.

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