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Central Hotel Project, Budva
ID 16600
Location Budva
Land Area, м2 2665
Land Price, EUR 7 500 000
Gross Development (GD) ratio x3,55
Plot utilization index x0.51
Nb of storeys allowed 7
Nb of units 1
Master Plan Approval
TOTAL CAPEX REQUIREMENT /EUR 21 770 000
Funding requirement - investor, EUR 21 770 000
Project timeframe, months 36
Total project revenue - base case EUR 25 730 000
Net profit - investor, EUR 3 960 000
ROI 18,2%
IRR, % 19
Disount rate, % 8
NPV, EUR 2040000

Central Hotel Project is located in the very center of the main touristic hotspot of Montenegro – city of Budva. It is situated just in front of the famous «Slovenska Plaza» hotel with a green park, swimming pools, tennis courts, gyms and plenty of other amenities just 100 m away from the seafront.
 

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