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Luxury boutique hotel in the Old Town of Kotor

Kotor, Stari grad

2.900.000 €

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  • Area

    323 m²

PROPERTY DESCRIPTION

A renovated boutique hotel is for sale in the Old Town of Kotor.
The hotel is completely renovated and ready to open as a boutique hotel, spa, and bar in the Old Town of Kotor, Montenegro. The hotel building was originally constructed several hundred years ago. In 1860, the building was converted into a hotel.
Everything has been completely refurbished. This includes all new structural reinforcements, floors, windows, shutters, electrical, plumbing, and HVAC systems. Everything has been brought up to modern safety and environmental energy-saving standards. All new custom-made furniture and additional equipment are ready for operation.
The current layout has 7 rooms, with the main suite on the top floor. Inside, there are 9 newly built bathrooms. After entering the reception, with a custom-made hand-crafted marble table, climb the stairs to the terrace.
On the terrace, there is an outdoor kitchen equipped with Electrolux, with seating for 10 and a sushi bar. On the terrace, you will notice a waterfall amidst plants, trees, and vines. Also, 2 pergolas can be opened for increased sunlight or evening stars. When you are on the terrace, you cross over an arched bridge into the hotel section that is separated from the dining area.
The hotel and kitchen are fully equipped with premium tableware and linens. Near the reception, there is a newly formed SPA. Inside, there is a sauna, steam shower, exercise machine, massage room, and changing area. Across from the sauna, there is a handmade jacuzzi pool with a water pump that erupts like a volcano and a waterfall. On both sides of the entrance across, there is a fully equipped bar for 8 tables. Inside the bar, the ceiling is the original hand-laid Siga stone ceiling that insulates noise. Everything is set up and ready to start business.

Details

Property type
hotel

Amenities

  • Air conditioning
  • Internet
  • Video surveillance

Location

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FREQUENTLY ASKED

Questions about this property

What is the price per square metre?

At 2.900.000 € for 323 m², this listing works out to 8.978 € per square metre. Compare it with the city average in the market card on this page.

How do I arrange a viewing?

Call the number or send a message from the contact card on this page — you reach the advertiser directly, with no middleman and no booking fee. Viewings are usually arranged within a day or two.

What does buying cost for foreign nationals?

Foreign nationals buy apartments, houses and commercial units in Montenegro on the same terms as locals. On top of the price, budget for the real estate transfer tax (3% up to €150,000, 5% on the portion between €150,000 and €500,000, 6% on the portion above €500,000; new builds bought from a VAT-registered developer carry 21% VAT instead of the tax), the notary fee and the land registry charges. Agricultural land and forests must be bought through a locally registered company.

Is this listing still available?

The listing is active and the property is for sale. Contact the advertiser to confirm the latest status.