Cubus Lux and Sol Melia in Valdanos investing 250 million euros

November 25, 2010   | Reportazh / Reportaža

Foreign investors – Cubus Lux British and the Spanish Sol Melia – will be in an exclusive complex with 5-star hotel, investing around 250 million euros, and these facilities will be employed by about 1,000 workers.

For the ecological state is also an important fact: none of the olive tree in Valdanos will be cut, and the space will have fire protection system installed with a hydrant, say sources Portal Analytics.

Privatization Council last night gave the green light to begin the realization of one of the largest project on the Montenegrin coast – the issuance of long-term lease of the bay Valdanos, with the possibility of extension for an additional thirty years. Ulcinj Pearl will be transferred to the British company Cubux Lux, which will build on the area’s exclusive tourist complex with 5-star hotel and all facilities. The complex will, according to initial calculations, to be worth around 250 million euros!

Sol Melia partner for Valdanos: Sources close to Cubus Lux, reveal that the partner, co-investor, to British company to be – the famous Spanish chain Sol Melia exclusive hotels! This is one of the best known companies in the tourism industry.The Spanish owns 84 resorts hotels, according to data from the web site of the company, managing a total of 300 hotels in 28 countries on four continents.

montenegroulcinj.com
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