Property Description

Ulcinj, Pinjes – Development land for hotel complex near the sea for sale

Location characteristics and features:

•  The total area of ​​the urban plot is 42,500 sqm, of which the company owns 24,299 sqm. The rest is the government’s land.
•  The land is intended for the construction of a hotel.
•  The total area of ​​the tourist complex is 46,935 sqm, with a maximum height of 16 floors.
•  The location where the hotel is planned is located along the coast. The hotel has its own beach and marina with 30 berths.
•  Only 500 meters from the main town square.
•  The potential buyer has the right to change the architectural solution submitted, in accordance with the Urban and technical conditions (UTU).

On this location, it used to be was a hotel with a total area of ​​11,160.20 sqm, as well as 5 villas with an area of ​​1,643.70 sqm. This hotel complex was demolished.

Incentive measures for the construction and operation of 5-star hotel facilities are reflected in the following:

•  Exemption from the payment of VAT for the delivery of products and services for the construction and furnishing of hotels,
•  Exemption from the payment of VAT on imports of products and services for the construction and equipping of hotels,
•  Application of a lower VAT rate of 7% on hotel accommodation and catering services,
•  Low-profit tax rate of 9%.
•  By the decision of the Government, the future investor with the construction of a 4 or 5-star hotel complex has the benefit of being exempt from utility fees.

Distances:

•  Podgorica Airport 71km
•  Tivat Airport 85km

Current concept design from the seller envisions: 

Accommodation facilities – 17,944 sqm

•  5-star hotel with 360 rooms; 763 beds
•  double rooms, junior and executive suites (mostly with sea view)
•  royal and presidential suites

Catering capacity

•  6 restaurants, lounge bar + 2 bars (in the hotel)
•  disco and casino
•  2 restaurants and beach bar (out of the hotel)

Parking space – 6,769 sqm

•   hotel parking – underground garage (174 lots)
•  hotel parking- external (44 lots).

Congress centre and other hotel facilities

Congress Center – 2,754 sqm

• 3 small meeting rooms
• 2 large conference rooms for a maximum of 800 participants
• 1 multifunctional and 1 small conference room

Other facilities – 1,479 sqm

•  the tennis court – 1,800 sqm
• 10 shops and offices down the street – 860 sqm
• hotel beach and beach facilities – 1,497 sqm
• marina with 30 berths.