Major scheme on the Montenegrin coast announced

An aerial view of Sveti Stefan

News on Montenegro

Plans for what will be the largest and arguably most luxurious new project on the Montenegrin Riviera, Royal Montenegro Grand Resort have been announced.

The scheme will feature a 5-star, 220-room hotel and conference centre, a casino, nightclub, a mega-yacht marina club, spa, gym, villas, lodges and condominiums, as well as commercial developments including retail outlets, restaurants and cafes. In total the project is divided into four distinct zones and will cover some 66,000 m2.

The project will be located 5 miles south of Budva and 2.5miles north of Petrovac, and half a mile from Sveti Stefan, at Skocidjevojka, and will open in 2010.

Andreas Marambos, managing director for Colliers International Montenegro, who have been appointed the exclusive consultant for the development, says: "Royal Montenegro Grand Resort is a fabulous, landmark project that will transform Montenegro’s Riviera and play a major part in the future of Montenegro’s tourism industry."

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Information provided by Homes Overseas | © PropertyIndex.com 2008 | Last Updated: 10 October 2008