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Fortenova sells agri unit to Podravka for 333 mln euro
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Montenegro’s CG Hotel building 35 mln euro hotel in Kotor - report

Apr 29, 2024, 2:20:56 PMArticle by Djordje Jajcanin
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April 29 (SeeNews) - Montenegrin company CG Hotel has begun the construction of a five-star hotel worth 35 million euro ($37.5 million) in the coastal town of Kotor, local media reported on Monday.

Montenegro’s CG Hotel building 35 mln euro hotel in Kotor - report
Photo: Vijesti

The hotel will be managed by American multinational diversified hospitality company Marriot International and is planned to open in 2027, media outlet Vijesti reported.

The hotel will span 3,671 square metres and will be able to accommodate 252 guests. It is expected to employ a hundred workers in two shifts.

According to the Montenegrin business registry, CG Hotel is wholly-owned by Montenegro’s CG Investment. It was founded in June 2017.

Marriot International operates some 8,300 hotels in 138 countries, including all countries in Southeast Europe.

($ = 0.9332 euro)

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