New hotel to be constructed in Budva
The Government of Montenegro has rendered a decision to add another project on the List of development projects which are candidates for receiving economic citizenship. It’s Cruiser Hotel, which will be built in Budva.
Plans are afoot for the construction of a hotel in accordance with the condo model, with five stars, 252 accommodation units, with estimated value of €58.2 million.
The List of development projects currently counts 15 projects with a total value of around €450 million.
Currently on the list there are 7 projects in Kolašin, three in Žabljak, two in Budva and one each in Mojkovac, Tivat and Čanj.
Kolašin Resort & Spa Kolašin – €11.5 million
Breza Hotel Kolašin – €19.5 million
Bjelasica Hotel 1450 Kolašin – €18 million
K Hotel 16 Kolašin – €6 million
D Hotel Kolašin – €8 million
Elite Hotel Kolašin – €11.5million
Montis Hotel & resort Kolašin – €21 million
Durmitor Hotel and Villas Žabljak – €20 million
Bobotov Hotel and resort Žabljak – €16 million
Hotel with villas Žabljak – €20.5 million
Black Pine Mojkovac -€10.5 million
Queen’s Beach Budva- €110 million
Boka Place Tivat – €44 million
Amma Resort Čanj -€77 million
Source: CDM
