Construction of Plavi Horizont complex in Przno to start in April 2017 – Qatari Diar to raise five-star hotel in initial phase as well
(Photo: aphotostory/shutterstock.com)
The subsidiary of the Qatari investment authority, Qatari Diar, has filed a building permit request to the Ministry of Sustainable Development and Tourism of Montenegro. Qatari Diar has announced that a five-star hotel will also be built in the first phase.
According to the announcements from 2010, when the hotel-tourist company Primorje sold the Plavi Horizont complex to Qatari Diar for USD 24 million, the new owner should invest EUR 250 million in new, exclusive tourist features.
It was planned for the complex to be completed by Septmeber 2014, but the project had only reached as far as the demolition of the Plavi Horizont hotel. The reason for the delay are unresolved ownership relations, i.e. several court disputes over the expropriation of the land.
Companies:
Qatari Diar Real Estate Investment Company Doha, Qatar
Ministarstvo prostornog planiranja, urbanizma i državne imovine Crne Gore
Tags:
Plavi Horizont complex
Qatari Diar Hotel and Property Investment Montenegro
Qatari Diar
hotel tourist company Primorje Montenegro
new hotels Montenegro
five star hotels Montenegro
QDHPIM
Przno tourist complex
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