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Five Star Hotel In Budva, Montenegro For Sale

Petrovac, Budva, Budva, Montenegro
Asking Price:
€20,000,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
€1M - €5M
Cash Flow:
€500K - €2.5M

By the decision of the founders of Ljetopis LLC and Ljetopis Automotive companies, we are announcing the sale of the Condo Hotel.

Ami Budva-Petrovac is a 5-star hotel situated on a beautiful coast of Montenegro with 11 floors, 4 ground levels of garage and 114 rooms and suites. The building design and layout are in line with contemporary trends and surrounding, with usage of natural and modern materials being present in construction of exterior and interior spaces.

This brand-new hotel had his first season in 2019 and its working under the “Ljetopis Stars” company
which has all the necessary documents in accordance with all the laws in the country of Montenegro.

The total gross area of the hotel is 11.006 m².

Guests have at their disposal: luxury restaurant, bars, open bars, swimming pools (indoor and outdoor), wellness & spa, commercial facilities, children's playground, and private hotel's beach.

For more information, please contact us by using the form below.

Property Information

Real Estate:

Real Property Included

Location:

Hotel is seated on a very attractive location in the center of Petrovac, Budva, exiting the main road of this coastal town, only 100 meters above the existing
Palas Hotel, with quality access roads from the main road, and only 150 meters away from the sea.
The Location is surrounded with Mediterranean plants, mainly palm trees, and ornamental plants, which represent an exceptional landscape architecture.
Only 40km from Podgorica airport and 36km from Tivat airport.

Size in square feet:
2.7 acres

Business Operation

Expansion Potential:

casino / rooftop / bar

Reasons for selling:

Built to sell. Other businesses to manage.

Employees:
75
Years established:
2018

Other Information

Website:
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Related Documents:

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