“The biggest development in Montenegro recently witnessed the opening of its first 5-star hotel – The Chedi Luštica Bay.

The hotel in Luštica Bay, a 690-hectare site in the south of Montenegro, represents an important step forward in the master plan of the €1.1billion resort.

The creation of Luštica Bay – which is a joint venture between Orascom Development Ltd. (90%) and the government of Montenegro (10%) – forms a part of the government’s wider aim to position Montenegro as an attractive luxury destination for tourists and property buyers alike.” (Property Investor Today)