Hotel Olympic, Bellevue and Ada Bojana Getting Investors

The international hotel group Karisma Hotels & Resorts wants to invest in Montenegrin tourism not only on Ulcinj’s Riviera, but also at other locations on the coast and the north of Montenegro.

Vice President of hotel group Karisma Hotels & Resorts, Sasa Milojevic said that they are prepared for participation in the tender for facilities of HTP “Ulcinj Riviera“, which would soon Montenegrin government announce for lease at 30 and 90 years.

In the renovation of the existing hotel Olympic and Bellevue, we are planning an investment of around 20 million euros, as well as the construction of 400 new rooms in the next three to five years with an investment of about 60 million. This means that we would have about 600 rooms and an investment of around 80 million euros, “he told” to Vijesti “.

If we win the tender, renovation of hotels Olympic and Bellevue would began immediately, which could open as soon as possible. We would also build new hotels that could start operating for the season 2019, said Milojevic.

He added that for Ada Bojana is planned that in the first phase of four to five years to invest € 200 million and build 1,500 rooms, sports facilities and the congress hall, and 20 to 25 percent of the capacity will be open all year round for preparation of elite athletes. This means that Ada will not remain just a nudist destination.

“We are interested and in Herceg Novi, Kotor, Budva, practically most of the Montenegrin coast. This would in five years for Montenegro mean, 2,100 rooms, 2,500 employees, 100,000 guests 700,000 nights, 25 new planes that would be landed at Podgorica airport “, said Milojevic.

He did not want to disclose the specific location they are interested for.

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