Luštica Development AD, a subsidiary of Orascom Development Holding AG, has announced its partnership with GHM to bring The Chedi brand to one of Europe’s most coveted escapes, Luštica Bay on the coast of Montenegro. The Chedi Luštica Bay’s central location within Luštica Bay main marina promenade affords stunning views over the marina and the Adriatic Sea.
A year after welcoming Luštica Bay’s first residents, this announcement marks yet another milestone to celebrate the increasingly popular destination. Not only is the iconic Chedi brand the first of seven hotels to be constructed in Luštica Bay, it will be the first to be constructed over an expansive area of 7 million square meters to form a new town worth 1.1 billion euros. This exciting new hospitality development on the Adriatic coast encapsulates the new identity of luxurious living with a bustling selection of exclusive lifestyle and vast residential offerings in this landmark location.
The Chedi Luštica Bay will be the largest 5-star hotel in the Boka Bay, offering 110 guest rooms, two restaurants and a bar, conference rooms and a business centre, along with an outdoor pool, spa and fitness centre which feature an indoor heated pool, gymnasium, and ancillary facilities.
The Chedi continues its growth into Europe with the Luštica Bay project, making it the second Chedi-branded hotel for the group. GHM first partnered with Orascom in Andermatt, Switzerland, when ODH was constructing a luxury year-round holiday destination in the alpine village. The Chedi Luštica Bay is a new opportunity for collaboration and estimated construction costs are in the region of 25 million euros. When completed, The Chedi Luštica Bay will bring a prime hotel offering to the Montenegrin coast, perfect for those looking to pursue the many water-based activities such as kayaking, sailing, or simply relaxing on the beach.
