For Sale: Land Plot with a Ready 5-Star Hotel Concept – Hotel Oko

For Sale: Land Plot with a Ready 5-Star Hotel Concept – Hotel Oko 📍 Location: Bjelila, Luštica Peninsula, Tivat We are pleased to present a rare development opportunity: a premium land plot on the Luštica Peninsula with a fully developed 5-star hotel concept, architectural design and calculated project economics. The site occupies an elevated position above Bjelila Bay and offers sweeping views over the water and surrounding landscape. It lies in one of the most sought-after parts of the Montenegrin coast, close to the old urban area of Bjelila and combining privacy, nature and convenient transport access. The plot is close to Tivat and its international airport, as well as to the area’s key premium destinations: Porto Montenegro, Luštica Bay and Portonovi. A 5-star format fits naturally into the level of the surrounding resorts. Project Details Land plot: 16,000 m² Total building area: 14,500 m² 65 rooms / hotel-format apartments Class: 5★ Architectural visualizations: Lutovac Architecture Studio Functional Zones Lobby, reception and bar: 654 m² Restaurant: 439 m² Wellness & SPA: 726 m² Indoor pool: 207 m² Kids’ club / cinema: 556 m² Underground parking and technical areas: 3,100+ m² Project Economics (base scenario, estimates) Land price: €16 million Total project budget (land, construction, landscaping, permits, contingency, financing): approx. €45.2 million Stabilized occupancy: approx. 50%; average daily rate: approx. €483 Annual revenue: approx. €8.78 million NOI before financing: approx. €3.89 million Yield on total project cost: approx. 8.6% (approx. 10% in the good scenario) Investment Highlights Rare scenic location on Luštica, near the key premium attractions of the Bay of Kotor Ready 5★ concept with defined architecture, areas and product mix Premium hotels in the region confirm high rate potential Calculated development economics, not just land without a concept Montenegro is an official EU frontrunner among candidate countries, which strengthens the investment case 💬 Contact us today to receive the full presentation, detailed technical documentation and visual project renderings.