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.
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