A rare opportunity to acquire a stabilised, family-operated boutique hospitality asset in the heart of the Budva Riviera, Montenegro. This off-market property consists of 11 autonomous apartments and specialised infrastructure, maintained to professional standards with a consistent 10-year operational history.
Offered at €2,720,000, this asset represents a "flight to quality" for investors seeking euro-denominated cash flow and significant capital appreciation ahead of Montenegro’s 2028 EU accession.
Investment Thesis & Yield Logic
Unlike typical residential listings, this asset is a high-performance business platform with three distinct growth tiers:
1. Stabilized Yield (Entry): ~5.5% Current actual performance based on core hospitality and existing services (parking, wellness, etc.).
2. Base Case (Plan B): ~7.5% - 8.0% Achievable via "room count expansion" and the amplification of existing auxiliary modules, including transport and wellness/sport services. This establishes a "Yield Floor" that significantly outperforms traditional European residential real estate.
3. Bull Case (Expansion): 11.0% projected yield upon full activation of the F&B (roof terrace) and additional commercial modules.
Asset Highlights
Location: Strategic position in the Budva Riviera, the epicentre of Montenegrin tourism.
Proven Resilience: 10+ years of successful operations with a loyal client base and verified occupancy rates (80-90% in peak season).
Ready for Due Diligence: A Full Virtual Data Room (VDR) is prepared for qualified investors.
Infrastructure: Beyond the 11 apartments, the asset includes wellness/sport areas and integrated transport solutions.
Confidentiality & Terms
This is a strictly off-market transaction. To protect the privacy of current operations and the 10-year brand history, the specific location and name of the asset will be disclosed only upon execution of a standard non-disclosure agreement (NDA).
