OVERVIEW

This project involves the development of a tourist complex consisting of a 4-star aparthotel, 7 private villas, and a gas station, strategically located near Montenegro’s most visited mountain destination.

Žabljak is the main gateway to Durmitor National Park and a year-round tourism hub, driven by winter sports, summer hiking, and eco-tourism. The project is designed to capture both leisure and transit demand, with hospitality and fuel services integrated into one site.

KEY FACTS
Land Area: 13,751 m²
Total Built Area (Hotel + Villas): 6,747 m²
Hotel Capacity: approx. 90 beds
Villas: 7 units
Hotel Facilities:
SPA center
Restaurant (60 seats)
Parking (30 spaces)
Construction Permit: Approved
ROI / RETURN PROFILE
-ROI Type: Hospitality income + operational cashflow
-Return Profile: Long-term income asset
-Payback: ~10 years (stabilized operations)

ASSET TYPE

Tourism Development Land (Aparthotel + Villas + Gas Station)

WHY INVEST

It offers approved development in Montenegro’s top mountain resort, combining hospitality, villas, and fuel infrastructure for year-round diversified income.

OVERVIEW

This project represents a prime waterfront development opportunity located in the city center of Herceg Novi, Montenegro, overlooking the Bay of Kotor. The site is designated for a mixed-use development combining residential apartments and a hotel component within a single master-planned concept.

The land benefits from approved urban parameters allowing large-scale construction, making it suitable for a high-density residential and hospitality project. The development strategy focuses on residential unit sales as the primary revenue driver, complemented by long-term hotel income operated under a professional management structure.

Herceg Novi is an established coastal destination with limited waterfront supply, strong seasonal demand, and growing international interest. The combination of city-center location, direct waterfront positioning, and mixed-use flexibility positions this project for attractive development-driven returns.

KEY FACTS
Asset Type: Development land (Hotel + Apartments)
Land Area: 21,000 m²
Construction Coefficient: 2.0
Buildable Area: 42,000 m² above ground + garages
Zoning Mix:
60% residential apartments
40% hotel
Estimated Units: approx. 400 total, incl. 240 apartments
VAT Refund Applicable
Land Price (with permits): €22,000,000
DEVELOPMENT & COSTS
•Estimated Construction Cost (incl. VAT): ~€70,000,000
•Total Project Cost: ~€92,000,000

ASSET TYPE

Mixed-Use Development Land (Hotel & Residential)

WHY INVEST

It offers waterfront city-center land, high residential sale prices, and hotel income potential in one of Montenegro’s most liquid coastal markets.