Montis Mountain Resort has become widely known, thanks to the local investment citizenship program (CIP), as the largest hotel under construction in northern Montenegro. Unfortunately, it is no longer possible to apply for citizenship based on participation in such a project (via CIP), but there is an investment offer to take part in the project. The developer, Golden Group, offers special conditions for entering the project at the current stage of construction.
Montis Mountain Resort construction progress, February 2025
Investments in Montenegro. Features and advantages
➢ Montenegro is the first country in line to join the EU by 2028
➢ Reforms have been carried out in line with the EU legal framework for investment
➢ One of the most competitive corporate tax regimes in Europe – from 9% to 15%
Kolasin – a new ski resort in Europe
Kolasin is the liveliest town in the northern, mountainous part of Montenegro. It has two ski resorts with 45 kilometers of slopes in an almost alpine landscape, crowned by Mount Bjelasica. The unique combination of the warm and mild Mediterranean climate of the Adriatic coast and the colder mountain climate makes Kolasin a place where it is possible to provide services to tourists practically all year round.
There is already significant demand from the wealthy public permanently residing in the country, as well as from other Europeans – citizens of Italy, Great Britain, Germany.
Thanks to the efforts of the state and local authorities, as well as their strategic approach to economic development, Kolašin has become the center of an investment boom in the north of the country. Investments in infrastructure worth more than €695 million are planned for the near future.
In Kolasin, such high-class hotels as Swissotel, Crown Plaza, Pullman, Four Points by Sheraton, Westin and Radisson Blue have already been opened or are being completed. The motorway leading from Kolasin to the south of the country, to Podgorica, has already been opened. Now the travel time is only 30 minutes. This route required an investment of €850 million and was delivered in accordance with all standards.
Current infrastructure investments in Kolasin
The State of Montenegro plans to implement a number of infrastructure investment projects in Kolasin in 2025-2026, several of which will be located in the immediate vicinity of the 5-star Montis Mountain Resort by Splendid hotel.
- Cable car from the urban area of Kolasin (village Breza) to the ski resort Kolasin 1450 – investment €60 million.
- Continuation of construction of the Bar-Bolžare motorway, section Mateševo – Andrijevica – investment €588 million.
- Construction of artificial snowmaking and water supply systems for the ski resorts 1450 and 1600 – investment €28 million.
- Multifunctional sports area for professionals and amateurs – investment €3 million.
- Construction of treatment facilities and sewerage network – investment €12.5 million.
- Extension of the promenade on the right bank of the Tara River, 2.5 km long.
- Construction of a boulevard connecting the center of Kolasin with the Breza district – investment €3.8 million.
Investments in the Montis Mountain Resort by Splendid, 5*
Key facts about the project:
➢ The 5-star Montis by Splendid Hotel will be opened under the management of Hotel Splendid Conference & Spa Resort. The hotel will be open all year round.
➢ The distance from the center of Kolasin to the hotel is 1.3 km. The location has excellent transport links with three airports: Podgorica (69 km), Tivat (146 km) and Dubrovnik (228 km).
➢ The total land area is 20,000 m². The gross building area (GBA) is 34,500 m².
➢ The development plan includes 236 magnificent luxury rooms, sports and recreation areas, a restaurant with 24-hour service, conference rooms with a capacity of 450 people, a signature restaurant, a wellness center and spa, a panoramic rooftop terrace, an indoor and outdoor pool, a children’s and teens’ club, ski storage and underground parking.
Montis Mountain Resort Interior, February 2025
How to Invest in Montis Mountain Resort by Splendid, 5*
- Investment units (60 units) are part of a hotel facility representing a single entity in business, management, and maintenance. They are, together with all other accomodation units (236 in total) marketed as a unified tourist product exclusively through the hotel operator.
- The developer (MLHR) has formalized a General Management Agreement (GMA) with the most succesfull hotel operator in Montenegro. This agreement outlines the terms and responsibilities for managing the hotel, ensuring professional oversight and operational excellence.
- Investor in 60 units signs the Sale and Purchase Agreement (SPA), Management and Maintenance Agreement (MMA) and Rental Agreement (RA).
- Net profit from all hotel operations shall be disbursed every year. Total net profit will be distributed proportionally to the number of units owned.
Advantages of investment options
➢ Estimated payback period of 12 years;
➢ Free hold ownership on investment units
➢ Anticipated increase in real estate values in Kolašin and Montenegro;
➢ No upfront maintenance or management fees;
➢ Insurance for units included;
➢ Company formation services provided;
➢ Company bank account setup included;
➢ Residence permit for the company Director provided.
Feasibility Study – 60 Units 10 Year Income Projection
Investment units (60 units) are part of a hotel facility representing a single entity in business, management, and maintenance. Estimated payback period of 12 years. Free hold ownership on investment units.
Investment structure in the Montis Mountain Resort by Splendid hotel, 5*
- Potential Investor or its Affiliate shall establish Limited Liability Company in Montenegro (MNE LLC).
- Potential Investor or Affiliate shall disburse Shareholders Funding as a loan to MNE LLC.
- MNE LLC and Developer (MLHR) shall sign Sale and Purchase Agreement (SPA).
- Once the transaction is concluded, MNE LLC will register ownership of units in the cadaster of the Government of Montenegro’s Real Estate Administration Office.
- Financial benefits such as cash flow return through repayment of loan principal and other tax implications and effects, will be further elaborated upon once the Investor’s or its affiliate’s jurisdiction is revealed.
