Porto Montenegro’s EUR 55mn Regent hotel to host first guests in 2014

By bne IntelliNews May 9, 2013

The EUR 55mn five-star Regent hotel located in the luxury yacht homeport and marina village Porto Montenegro will host its first guest next year, daily Vijesti reported. The construction of the building has just been completed with the placing of the final brick in the beginning of May.

The condo hotel covers 20,000 square metres and includes 34 luxury apartments plus further 49, which have been offered for sale.  The hotel will be operated by Regent Hotels and Resorts.

It is build by Montenegrin firm YU Briv, which also won the tender for carrying out the second phase of Porto Montenegro that includes an extension of the existing and building of new berths at the marina. The second phase aims to raise the marina’s capacity to 479 berths.

Porto Montenegro signed a partnership deal with Regent Hotels and Resorts for the construction of the luxury hotel and residences, including a yacht club and spa facilities, in early 2012. Back then, the nautical tourism complex said it is investing a combined EUR 100mn in the hotel construction and the expansion of its marina.

Porto Montenegro, owned by Canadian businessman Peter Munk, is located at Tivat in the picturesque Bay of Kotor. 

Related Articles

EBRD says 2016 net profit was around €1bn

The European Bank for Reconstruction and Development (EBRD) said it made a net profit of around €1bn in 2016, up by a quarter from the €802mn it made in ... more

Bar-Boljare motorway construction to push Montenegro's debt above 80% of GDP

The International Monetary Fund (IMF) has projected that Montenegro’s general government debt will reach 82% of projected GDP by 2019 due to the construction of the Bar-Boljare motorway. This will ... more

Montenegro plans to privatise tourist resorts in 2017

Montenegro plans to offer state-owned stakes in several resorts and other companies from other industries this year, according to the ... more

Register here to continue reading this article and 2 more for free or purchase 12 months full website access including the bne Magazine for just $119/year.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

To continue viewing our content you need to complete the registration process.

Please look for an email that was sent to with the subject line "Confirmation bne IntelliNews access". This email will have instructions on how to complete registration process. Please check in your "Junk" folder in case this communication was misdirected in your email system.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

If you have any questions please contact us at sales@intellinews.com

Subscribe to bne IntelliNews website and magazine

Subscribe to bne IntelliNews website and monthly magazine, the leading source of business, economic and financial news and commentary in emerging markets.

Your subscription includes:
  • Full access to the bne content daily news and features on the website
  • Newsletters direct to your mailbox
  • Print and digital subscription to the monthly bne magazine
  • Digital subscription to the weekly bne newspaper

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

bne IntelliNews
$119 per year

All prices are in US dollars net of applicable taxes.

If you have any questions please contact us at sales@intellinews.com

Register for free to read bne IntelliNews Magazine. You'll receive a free digital subscription.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

IntelliNews Pro offers daily news updates delivered to your inbox and in-depth data reports.
Get the emerging markets newswire that financial professionals trust.

"No day starts for my team without IntelliNews Pro" — UBS

Thank-you for requesting an IntelliNews Pro trial. Our team will be in contact with you shortly.

Dismiss