Luxury hotel brand The Chedi is set to open its second European property in Lustica Bay, on the coast of Montenegro.
When it opens in mid-2018, the Chedi Lustica Bay will be the largest five-star hotel in Boka Bay with 110 rooms. Construction on the project has already begun, and is expected to cost at least €25 million.
Luštica Development AD company, a subsidiary of Orascom Development Holding, has partnered with General Hotel Management on the project. General Hotel Management is already working with Orascom in Andermatt, Switzerland, where ODH is constructing a year-round village.
Ultimately, Lustica Bay is expected to have seven hotels in total.