Montenegro Hotel Juzno More

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Hotel Juzno More

Montenegro Sutomore

€8,000,000

Juzno more (South sea) hotel is in function and it's just few steps from the Sutomore beach, on the plot of 13000 m2 with approval for renovation and upgrading it to a 4 star hotel, with the surface of up to 23000 m2. It consists of 3 building comprising 145 rooms (1/1, 1/2 and 1/3) .
Main building categorization 2 * : every room has bathroom, shower, air condition, mini bar, telephone and balcony and most of the are overlooking the sea. Annexes are also 2 * categorization.
According to the conceptual plan and a working project is under construction, the construction of a 5 star Condo hotel is planned. The hotel will have 148 units, wellness center, spa center, pool and other amenities.
If there is interest in another type of hotel, there is a possibility of developing another project, noting that for 4 and more star hotels the investor is exempted from paying utilities. The ministry is responsible for all approvals.
Price per night in hotels in this category in Sutomore ranges from 95 to 130 euros for a double room with double bed. The season in Sutomore lasts 80 days and more. If the hotel had 800 rooms, the daily income would be 80,000 euros. This means that during the main tourist season the hotel would have, from the rooms alone, the amount of EUR 6,400,000. Revenue from other content should cover the costs of maintaining the hotel.

Bedrooms: 145 Bathrooms: 0 Not furnished Hotel 13000 sq. m Floor: 0 / 0 Year built: – EUN-976376

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