The Cubus Lux PLC firm has been awarded a development tender for an upscale golf and resort project at Valdanos at the southern end of Montenegro’s Adriatic coast.
Plans call for a development that would include a golf course with a four-star golf hotel and villas for purchase, a five-star beach hotel and villas and a third four-star hotel. Additional amenities are scheduled to include a casino, a water park, numerous restaurants and retail/commercial properties.
The project planning phase is expected to take at least 18 months, assuming that the tender contract negotiations are successfully completed.