Hotel for Sale in Igalo, Herceg Novi
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ID 3719
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10
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1450 m2
Description
IDD 3719 A centrally located hotel property near the beach and promenade, suitable both for leisure stays and for organizing conferences, seminars, and business events. The hotel offers 130 accommodation units, including double rooms, triple rooms, four-bed rooms, and apartments, with a total capacity of 357 beds. Accommodation is divided into two categories: Superior rooms and apartments Standard rooms and apartments The property is situated approximately 100 meters from the beach. The hotel consists of a basement, ground floor, and twelve upper floors. The total registered hotel area is 5,242 m², while the gross construction area including terraces is 6,928 m². The land plot area is 1,295 m², with a total urban plot area of 1,689 m². Urban-technical conditions have been obtained for the reconstruction and upgrade of the property into a 4-star hotel. The full reconstruction option includes renovation and upgrading of the upper floors, as well as reducing the number of accommodation units per floor in order to meet 4-star categorization standards. An alternative option involves partial renovation works, including: Replacement of installations and bathroom facilities Replacement of worn carpentry and furniture Renovation of the hotel façade The investment level depends on the selected reconstruction model and investor preferences. The hotel is currently operational and can continue operating in its present condition during the investment process. Key urban and development parameters: Base area: 1,450 m² Maximum occupancy index: 0.87 Maximum gross construction area: 8,000 m² Maximum construction index: 4.75 Maximum permitted floors: basement + ground floor + 12 floors Planned accommodation units: 108 Planned bed capacity: 216 The location is fully equipped with utilities and infrastructure. Construction and reconstruction activities must comply with the applicable urban-technical conditions and soil characteristic requirements. The estimated market value for completed developments in this type of location is approximately €2,500–€3,000 per m².
Amenities
- Parking
- Air Conditioning
- Radiators
- Balcony
- Internet
- TV
- Elevator
- Security System
Details
- Reference ID
- 3719
- Published On
- May 12, 2026
- Property Type
- Commercial Space
- City
- Herceg Novi
- Neighborhood
- Igalo
- Price per Sqm
- € 6207
- Furnish
- Furnished
- Floor
- Year Built
Responsibility and Purchase Service Cost
The buyer is responsible for paying the notary fee, any applicable real estate transfer tax, and any associated legal fees. Sea Realtor Agency is not liable for the accuracy of the information presented here; it is solely based on information that we have received from our clients or owners. Sea Realtor Agency shall not be obligated to update, amend, change, or otherwise notify the reader of any subject included herein, or of any opinion, projection, prediction, or estimate put out herein, or of any modification that may have an impact on the accuracy of the urbanistic and cadaster information. The buyer is not charged an agency commission; rather, the seller(s) pays the agency fee.
