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Luxury boutique hotel in the Old Town of Kotor

Kotor

2.900.000 €

SOLD
1 / 18
  • Area

    323 m²

PROPERTY DESCRIPTION

A luxury boutique hotel for sale in the Old Town of Kotor

The hotel is fully renovated and ready to open as a boutique hotel, spa, and bar in the Old Town of Kotor. The hotel building was constructed several hundred years ago. In 1860, the building was converted into a hotel.

Now everything is completely reconstructed. Structural reinforcement, floors, windows, shutters, electrical, plumbing, and air conditioning systems are completed. Everything is in compliance with contemporary safety and environmental standards for energy saving. New original furniture and equipment are installed. The hotel is fully ready for operation.

The property's area is 323 m2.

Hotel structure: 7 rooms, with a penthouse on the top floor. In total, the hotel has 9 bathrooms.

Description:

Upon entering the reception with a handcrafted marble table, stairs lead to the terrace.

On the terrace, there is a fully equipped kitchen, a summer terrace for 10 people, and a sushi bar. On the terrace, there is a waterfall among plants, trees, and vines. Two pergolas are installed here. An arched bridge leads from the terrace to another part of the hotel.

The hotel and kitchen are fully equipped with high-quality dishes and linens. Next to the reception is a spa center. Inside, there is a sauna, steam shower, exercise equipment, massage room, and changing room. Opposite the sauna is a handcrafted jacuzzi pool with a water pump that produces a volcano and waterfall. On both sides of the entrance, there is a fully equipped bar with 8 tables. Inside the bar, the ceiling is the original Siga stone ceiling, hand-laid for noise insulation.

The property is fully ready to start business operations.

Details

Property type
hotel

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 property has been sold; the listing stays visible for price history. Contact the advertiser to confirm the latest status.