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Real Estate & Construction Kempinski signs provisional contract for a Montenegrin resort
Real Estate & Construction Kempinski signs provisional contract for a Montenegrin resortKempinski signs provisional contract for a Montenegrin resort
Montenegro News - Real Estate Sales & Property Development Crna Gora
The main tourist centre in Montenegro, Budva, is a large construction site, with new facilities being erected day-by-day. According to the leading manager in the Budva District, Aleksandar Ticic, approximately EUR 1bn could be invested in building elite tourist facilities, ‘Serbia & Montenegro Today’ reports. The hotel chain Kempinski will sign the contract with the Russian company Was Invest, which had purchased about 200,000 square meters of land in Smokvica Montenegro. The provisional contract was already signed with Kempinski Group in Budva, but the formal contract will be drafted in Berlin reports Tourism Travel.
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