Ulcinj, Pinjes – Land with planning for hotel complex near the sea for sale
Location characteristics and features:
- The total area of the urban plot is 42,500 sqm, of which the company owns 24,299 sqm. The rest is the government’s land.
- The land is intended for the construction of a hotel.
- The total area of the tourist complex is 46,935 sqm, with a maximum height of 16 floors.
- The location where the hotel is planned is located along the coast. The hotel has its own beach and marina with 30 berths.
- Only 500 meters from the main town square.
- The potential buyer has the right to change the architectural solution submitted, in accordance with the Urban and technical conditions (UTU).
On this location, it used to be was a hotel with a total area of 11,160.20 sqm, as well as 5 villas with an area of 1,643.70 sqm. This hotel complex was demolished.
Incentive measures for the construction and operation of 5-star hotel facilities are reflected in the following:
- Exemption from the payment of VAT for the delivery of products and services for the construction and furnishing of hotels,
- Exemption from the payment of VAT on imports of products and services for the construction and equipping of hotels,
- Application of a lower VAT rate of 7% on hotel accommodation and catering services,
- Low-profit tax rate of 9%.
- By the decision of the Government, the future investor with the construction of a 4 or 5-star hotel complex has the benefit of being exempt from utility fees.
- Podgorica Airport 71km
- Tivat Airport 85km
Current concept design from the seller envisions:
Accommodation facilities – 17,944 sqm
- 5-star hotel with 360 rooms; 763 beds
- double rooms, junior and executive suites (mostly with sea view)
- royal and presidential suites
- 6 restaurants, lounge bar + 2 bars (in the hotel)
- disco and casino
- 2 restaurants and beach bar (out of the hotel)
Parking space – 6,769 sqm
- hotel parking – underground garage (174 lots)
- hotel parking- external (44 lots).
Congress centre and other hotel facilities
Congress Center – 2,754 sqm
- 3 small meeting rooms
- 2 large conference rooms for a maximum of 800 participants
- 1 multifunctional and 1 small conference room
Other facilities – 1,479 sqm
- the tennis court – 1,800 sqm
- 10 shops and offices down the street – 860 sqm
- hotel beach and beach facilities – 1,497 sqm
- marina with 30 berths.