Land Kotor, Montenegro

Kotor, Montenegro

$4,70M

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ID: 3530423

In CRM: 73924

ID of the ad on the website or in the company’s CRM

Last update: 11/07/2025

Location

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Country

Montenegro
Region

Kotor Municipality
Town

Kotor

Description

For sale is offered a land plot in Dobrota, Kotor, ideal for creating a hotel complex. The site has all the necessary urban conditions and building permits, which opens up wide opportunities for investors. Structure characteristics: - gross building area: 5,468 m2; - floors: up to 5 floors (P+2+Pk), which allows you to create spacious and comfortable rooms for guests; Additional features: the possibility of building 2 underground floors, which provides additional storage, parking or technical needs. Legal aspects and design conditions - Registration of facilities: All tourist units must be registered in a real estate cataster with appropriate ownership rights, which ensures the legality and protection of the investment. - Management and operation: Facilities should be managed by a single management company or operator, which guarantees high quality service and maintenance of standards. - Categorization: To obtain the rights to operate and sell units, it is necessary to undergo a categorization process that confirms compliance with the standards of the hotel business. Business models - Condo model: Allows you to sell and manage hotel units, but requires that the facilities remain part of a single complex. The percentage of units sold should not exceed 50% for hotels of the category not lower than five stars. - Mixed model: Provides flexibility in management and sale, but also requires adherence to strict rules to maintain the integrity of the hotel product. Conditions of sale: The sale of units must not change the purpose or operation of the hotel facility, which is important for maintaining the structure and functionality of the business. To obtain a permit for operation, it is necessary to provide documents confirming legality and compliance with standards. This unique opportunity for investors combines an attractive location and a clear legal framework to create a successful travel business. For more information and viewing, please contact us. Do not miss the chance to become the owner of a plot with ready conditions for the development of hotel infrastructure in Dobrota!