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Star of Montenegro plans 40 mln euro hotel project - media

Oct 9, 2012, 7:38:00 PMArticle by Georgi Georgiev
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October 9 (SeeNews) - The Star of Montenegro company has signed a management contract with Austria's Martinez Hotels&Resorts for a 40 million euro ($52 million) hotel it plans to build, Montenegrin media reported on Tuesday.

Star of Montenegro plans 40 mln euro hotel project - media

The future hotel has chances to operate under Waldorf Astoria, a luxury Hilton Worldwide brand, Dnevne Novine (www.dnevne.me) newspaper reported.

Ulcinj-based Star of Montenegro plans to secure a building permit for the hotel in December and launch construction in the first quarter of 2013.

Star of Montenegro is a subsidiary of Montenegrin-German company Montenegro 2000, Dnevne Novine said.

($=0.7743 euro)

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