The Chedi to open in Montenegro second resort in Europe
Luštica Development AD company, a subsidiary of Orascom Development Holding AG, constructing one of Europe’s most coveted escapes, Luštica Bay on the coast of Montenegro, today announce the first 5-star hotel partner with world-renowned luxury hotel brand The Chedi. Set to become the second European hotel of The Chedi brand portfolio, the hotel will operate on a spectacular central position within the Luštica Bay main marina promenade, affording stunning views over the marina and the Adriatic Sea.
A year after welcoming Luštica Bay’s first residents, the announcement marks yet another milestone to celebrate at the burgeoning destination. The arrival of the iconic The Chedi hotel brand will be the first of seven hotels to be constructed in Luštica Bay, the new town worth 1.1 billion euros. Not only this, the hotel will also be the first to cover the seven million square meters that make up Luštica Bay.This exciting new hospitality development on the Adriatic coast encapsulates the new identity of luxurious living with a bustling selection of exclusive lifestyle and vast residential offerings in this landmark location.
The Chedi Lustica Bay will be the largest 5-star hotel in the Boka Bay, offering 110 rooms, two restaurants, a bar, conference and business centre, an outdoor pool, spa and fitness centre featuring indoor heated pool and gymnasium and ancillary facilities. The Chedi Lustica Baywhich initially established its name in Asia and the Far East continues its push into Europe with the Luštica Bay project. After GHM established cooperation with Orascom in Andermatt, Switzerland, where ODH is constructing a luxury year round village, the Luštica Bay project represents The Chedi’s second European hotel. The investment in construction of the hotel will amount to approx. 25 million euros, bringing a prime hotel offering to the Montenegrin coast, perfect for those looking to pursue.