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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.