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New hotel to be constructed in Budva

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


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