Feasibility Study for five hotels in Ulcinj, Montenegro
Client:
Private Investor
Brief project description:
Three of the five hotels are located on Velika Plaza, Montenegro's longest sandy beach, which stretches for nearly 13 kilometres. The other two are on the outskirts of Ulcinj, just a few minutes from the city centre and public beach.
Built between 1966 and 1982, the hotels have not been renovated since the early '80s. All five hotels belong to a company that is in liquidation and therefore aims to sell them.
Scope of work:
- Module I - Current situation and objectives
- Module II - Tourism in Montenegro
- Module III - Political framework conditions in Montenegro
- Module IV - Location analysis
- Module V - Positioning and capacity
- Module VI - Economic forecast
- Module VII - General chances and risks