The company "S & I Invest" Ltd. from Podgorica has applied for permission to build a five-star hotel complex "Falcons" in Budva. Technical documentation was submitted to the Ministry of Development and Tourism on 30 December 2016.
The hotel has to be located along the coast, close to the post office. The total area is about 30,000 m2, and the amount of investment is about 40 million euros.
The hotel will open about 250 new jobs. In priority - the residents of Budva other cities of Montenegro.
The Ministry shall issue a permit for the first 60 days of this year. The investor is planning to complete construction by the end of 2019. This is a very ambitious plan, given that the construction season in Budva lasts seven and a half months.
Author of the project is professor of Architecture of the University of Belgrade.
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