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METROPOL INN Project
ID 14606
Location Bečići
Land Area, м2 1840
Land Price, EUR 2 600 000
Detailed Urban Plan (DUP)
Gross Development (GD) ratio x5,4
Plot utilization index x0,6
Nb of storeys allowed 10
Nb of units 1
TOTAL CAPEX REQUIREMENT /EUR 11 600 000
Funding requirement - investor, EUR 11 600 000
Project timeframe, months 24
Total project revenue - base case EUR 13 900 000
Net profit - investor, EUR 2 300 000
ROI 20%
IRR, % 24
Disount rate, % 8
NPV, EUR 1300000

Project of hotel construction on the frontline in Becici

The planned facility - hotel "Metropol INN" is positioned in Becici, Municipality of Budva, next to the highway Budva-Bar (on the south side). On the west side location, approximately 200 m is the hotel "Splendid", and on the east side, approximately 150 m, is the site of the future hotel "Sheraton", the location is approximately 100 m away from the sea. As part of the hotel gravitated Becici beach, positioned between the beach of hotel "Splendid" from the west and the hotel "Sheraton" and "The Queen of Montenegro" from the east.

Land plot of 1840m2 is located just 100 m from waterfront in a resort town of Becici, famous for its pebble and jackstone beach.

On the plot the construction of a 4* hotel is previewed with gross built area of 10,000 m2.

Price of the land plot includes also ready project, all technical documentation and permits and a legal entity registered in Montenegro.

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