Location and Pricing Details
Location: Žabljak, Montenegro
Price: €2,700,000
Land Area: 10,261 m²
A plot situated in Durmitor National Park with a conceptual design for a four-star hotel and villas offers an investment opportunity in Žabljak.
1. Unique Location
This property is located near the Savin Kuk ski resort and various tourist attractions in northern Montenegro. The area is 1,500 meters above sea level within a UNESCO World Heritage site—Durmitor National Park.
Throughout the year, the seasonality includes skiing, eco-tourism, trekking, and outdoor activities, creating high demand for accommodation among travelers.
Additionally, the existing Savin Kuk cable car project worth €20 million is set to begin, funded by the state, with a three-year timeline for completion.
2. Land Plot Parameters
Located in the Motički Gaj settlement within the Žabljak municipality, this land features a flat-hilly landscape suitable for construction.
The land is designated for tourist and recreational development, with legal status confirmed as privately owned. Infrastructure plans will include essential utilities such as electricity and water.
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3. Brief Description of the Conceptual Design
The proposed project has a total capacity of 76 units, broken down into various accommodation types.
Hotel (50 units):
- 40 standard rooms
- 10 apartments
- Amenities include a restaurant, bar, kitchen, SPA center, and congress center
Villas Type 1 (18 units):
- Each villa has 2 two-level apartments with 2 bedrooms
- Area of one apartment: 69.75 m²
Villas Type 2 (8 units):
- Each villa has 2 three-level apartments with 3 bedrooms
- Area of one apartment: 142.80 m²
Additionally, there will be a total of 66 parking spaces to accommodate guests.
The conceptual design ensures a four-star rating for the future development while merging the benefits of a classic hotel with those of a mountain resort featuring villas.
4. Competitive Advantages
Government Support
- Considerable investments are flowing into the region, including €10.5 million for Savin Kuk ski lifts.
- The continuous development of infrastructure encourages an increase in tourist traffic to northern Montenegro.
- There are tax incentives available for hotel construction investments starting from €5 million.
Stable Demand and Year-Round Visitation
- Winter activity revolves around ski holidays, while summer brings trekking, rafting, and cycling.
- Žabljak maintains high tourist resilience and revenue compared to other regions.
UNESCO World Heritage Status
- The location draws affluent visitors due to its prestigious designation.
- Significant ecological tourism opportunities exist throughout the area, characterized by high mountains and pristine landscapes.
Diverse Accommodation Formats
- Options include hotel rooms, family apartments, and villas catering to various tourist demographics.
- A flexible pricing strategy addresses a broad target audience for family, corporate, and individual travel.
Modern Service Level
- The development will feature a restaurant, SPA, and congress facilities within the hotel.
- Architectural design focuses on ergonomic space and leisure accessibility.
5. Financial Attractiveness
- The property has high revenue potential, driven by increasing tourist numbers in Montenegro’s mountain resort areas.
- Phased construction is an option to enable quicker returns on investment and optimized capital management.
- Active regional development, supported by government initiatives and a rising influx of international visitors, enhances real estate liquidity.
6. Conceptual Design: What Does It Provide?
- A coordinated architectural and planning framework for further design advancements.
- Compliance with the standards established by Durmitor National Park.
- Flexibility in marketing strategies focusing on ski and eco-tourism, integrating nature with high-quality amenities.
7. Cooperation Formats
- Options for purchasing the plot alongside the conceptual design with independent implementation.
- Joint development agreements, including equity participation and management oversight.
- Sale of individual units within a condo-hotel framework under consolidated management.
8. Why Invest Now?
- There is a significant shortage of quality properties in Žabljak, leading to rising real estate prices.
- Limited land plots available for development within the National Park create additional value.
- Initiating projects now allows entry into the market ahead of competitors during peak investment and tourism seasons.
For further inquiries, reach out for comprehensive financial analysis, development plans, and partnership opportunities to explore a viable tourism business model in one of Montenegro’s notable regions.
Contact
• English/Russian: +382 67 109 770 (Viber/WhatsApp/Telegram)
• Crnogorski: +382 67 212 923 (Viber/WhatsApp/Telegram)
