OPP-HN-02 · Herceg Novi
Herceg Novi: Donja Arza, Luštica
CoastalPlanning set
- Area
- 93,330 m²
Track record · Ulcinj · Coastal region
Ulcinjska Rivijera (Karisma Hotels)
Ageing state-owned hotels can be revived through lease plus international management, a model relevant to several open sites.
Hotel reconstruction
Ulcinj Old Town
Invested · December 2025€28M
Jobs82
Agreement2017
The deal
Lease agreement with the Government to reconstruct and operate the hotel complex.
Developer: Karisma Hotels consortium. Owner: HTP Ulcinjska Rivijera AD.
- Planned upgrade to 600 rooms of at least four-star category
- Three investment phases; the third scheduled for 2026–2027
Brands: Karisma Hotels
What it proves
Ageing state-owned hotels can be revived through lease plus international management, a model relevant to several open sites.
Open opportunities in the same region
OPP-HN-01 · Herceg Novi
Herceg Novi: Rt Ograda–Žanjic, Luštica
CoastalPlanning set
- Area
- 14,822 m²
OPP-HN-03 · Herceg Novi
Herceg Novi: Sutorina–Pećine coastal hotel and berths
CoastalPlanning set
- Area
- 12,019 m²
- Beds
- 75
- Berths
- 25
Looking for the next project like this?
We collect the planning documents, parcel data and the right contacts at the Ministry of Tourism, the Montenegrin Investment Agency and the municipality, and run those conversations in parallel with you.
We reply within one business day. Prefer email? Write to hello@montenegroinvest.com.