BETHESDA, USA, 23 September 2019: Marriott International has signed a milestone agreement with Northstar to bring The Ritz-Carlton brand to Montenegro.
Under the plan funded by Al Yasra, The Ritz-Carlton, Montenegro and The Ritz-Carlton Residences, Montenegro are scheduled to bring the brand to the country in 2023.
The Ritz-Carlton, Montenegro is scheduled to open in 2024, and design plans for the hotel part of the project include 120 rooms and suites.
The hotel and residences are part of a mixed-use development that is poised to include villas, gardens, a yacht club overlooking a beach cove. Once open in 2023, the first phase will offer 180 apartments and 48 villas. The second and final phase is scheduled for completion by 2028. Residential sales are slated to begin in 2020.
“With its striking views of the Adriatic coast, Montenegro has quickly become a favourite Mediterranean destination for global travellers,” said, Marriott International chief development officer – Europe, Carlton Ervin. The property is located on the western tip of the Luštica Peninsula a 30-minute drive from Tivat International Airport and will offer panoramic views of the Adriatic Sea.