Marriott has signed an agreement with Northstar D.O.O. to
bring the luxurious Ritz-Carlton brand to Montenegro.
Under the plan funded
by Al Yasra, The Ritz-Carlton, Montenegro and The Ritz-Carlton
Residences, Montenegro will open in 2023.
“With its striking views of the Adriatic coast, Montenegro has
quickly become a favourite Mediterranean destination for global travellers,” said Carlton Ervin, Chief Development Officer –
Europe, Marriott International. “The signing of The Ritz-Carlton, Montenegro highlights the demand for our luxury brands in this
exciting region. Combining the country’s serene, natural beauty
together with the brand’s legendary service makes Montenegro the
perfect destination for The Ritz-Carlton guest.”
Slated to rise
in a prime position on the Western tip of the chic Luštica
Peninsula, the hotel and residences will boast
panoramic views over the glittering Adriatic Sea.
Accessible by car in 30 minutes from Tivat International Airport
or two hours from Dubrovnik International Airport, the coastal
property will also have a private jetty.
The 120-room hotel will feature three
restaurants, a beach bar, meeting facilities, indoor and outdoor
pools, a salt-water Lido pool, a spa and fitness room, and
Ritz Kids and Teen clubs.
“The success achieved on this project, bringing
the legendary Ritz-Carlton brand to Montenegro, is a result of
dedicated work by all parties involved, both from our company,
Marriott International, and the Government of Montenegro,” said
Mohamed Al Sager, Chairman, Al Yasra. “This is not only a business
success, but a personal accomplishment as well. When I first
visited Montenegro on holiday, I fell in love with the natural
beauty of the country and knew I wanted to be a part of its future
development. What began as just a dream has today become a great
project on a clear path of execution."
The hotel and residences
are planned as part of a mixed-use development that is poised to
include sprawling villas, manicured gardens, a yacht club and a
sparkling beach cove.
The Ritz-Carlton Residences, Montenegro is
expected to offer 180 apartments and 48 villas and is scheduled to
complete the first phase of construction in 2023, with the final
phase scheduled for completion by 2028. Residential sales are
slated to begin in 2020.
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