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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… READ MORE

Twenty five new hotels in Montenegro

Twenty five new hotels in Montenegro

Hotel offer in Montenegro has become richer! Twenty-five new hotels with a total of 1.985 beds. As data of the Ministry of Sostainable Development and Tourism indicate, high.category hotels are dominant. Even six of them offer the services that meet the five-star standards. Accommodation structures of high category are increasing and numerous stimulating measures have… READ MORE

Tivat soon to be home to a 5-star hotel

Tivat soon to be home to a 5-star hotel

Tivat residents Nada Petković and Marko Kostić want to build a five-star hotel within the planned waterpark in Tivat. They have already obtained the approval for the hotel’s conceptual design, developed by the acting chief state architect Dušan Vuksanović. The hotel has been projected by the Urbanist Project Company from Budva and the area of… READ MORE

Mamula is a tiny rough diamond

Mamula is a tiny rough diamond

The island of Lastavica with the Mamula fortress is being cleaned, after which the conservation and restoration of the fortress should be started, which would be turned into a five-star hotel. Also, the lessee Swiss Orascom, is conducting active discussions with relevant institutions in charge of cultural and historical heritage in order to determine what… READ MORE

12 Reasons Why You Should Include Herceg Novi, Montenegro In Your Travel Bucketlist

12 Reasons Why You Should Include Herceg Novi, Montenegro In Your Travel Bucketlist

Montenegro comes from two words: ‘monte’ and ‘negro’ which means Black Mountain. This infamous name comes from the dark mountain forests that cover the land. It is a piece of heaven you’ll find along the borders of Croatia, Bosnia, and Herzegovina. Jonathan and I ended our trip in Montenegro a couple of days ago. We… READ MORE

More than €500,000 invested in Mamula

More than €500,000 invested in Mamula

More than €500,000 was invested in the Mamula fortress, it was stated after the sitting of the Privatisation and Capital Investments Council chaired by PM Dusko Markovic. The Privatisation Council discussed several annual investment reports, including the 2017 report on the reconstruction of the Mamula fortress on the Lastavica island. The investor already began preparatory… READ MORE

Herceg Novi gets the Ritz Carlton hotel

Herceg Novi gets the Ritz Carlton hotel

Herceg Novi will get the hotel of the prestigious brand Ritz-Carlton. Investors will invest €80m instead of €141m, as it was foreseen in the basic agreement. This is stipulated by the Annex 2 of the agreement of the consortium consisting of the Podgorica-based Northstar company and UK Equest Capital Limited. Montenegrin government discussed the agreement… READ MORE

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