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Devolli Corporation expands in Montenegro, mega hotel project with the global InterContinental brand! (Video)

2026-11-13 14:52:00Biznes SHKRUAR NGA REDAKSIA VOX

Devolli Corporation expands in Montenegro, mega hotel project with the global

Devolli Corporation today formalized its strategic partnership with IHG Hotels & Resorts, one of the largest and most prestigious hotel groups in the world, for the development of the mega project InterContinental Resort Tivat, an exclusive five-star luxury resort in the Bay of Kotor, Montenegro.

Devolli Corporation expands in Montenegro, mega hotel project with the global

This collaboration marks an important step in Devolli Corporation's expansion strategy in the real estate and international tourism sector, bringing to one of the most attractive destinations in the Mediterranean an investment that combines luxury hospitality, private residences and the highest standards of international hospitality.

Devolli Corporation expands in Montenegro, mega hotel project with the global

Under the agreement, the project will be developed under the prestigious InterContinental brand, part of the IHG Hotels & Resorts portfolio, which will manage the hotel through a 32-year contract, guaranteeing the implementation of international service and operation standards. The hotel is scheduled to open in 2030.

“We are very pleased to formalize this partnership with Devolli Corporation for the development of InterContinental Resort Tivat. Montenegro, and in particular the Bay of Kotor, represents a destination with extraordinary potential for high-end tourism. This project offers us the opportunity to bring over eight decades of InterContinental experience and tradition to a truly special location. We believe that, through collaboration with Devolli Corporation, we will create a destination that will attract international visitors and contribute to further raising hospitality standards in the region”, said Hylko Versteeg, Director of Development for Southern Europe at IHG Hotels & Resorts.

Devolli Corporation expands in Montenegro, mega hotel project with the global

Located in Tivat, on the Bay of Kotor, one of the most beautiful bays in the Mediterranean and close to the historic town of Kotor, part of the UNESCO World Heritage Site, InterContinental Tivat will be a unique destination for elite tourism and exclusive living.

The proximity to Porto Montenegro, one of the most prestigious yacht marinas in the Adriatic, as well as to Tivat International Airport, gives the project a favorable position and easy access.

Devolli Corporation expands in Montenegro, mega hotel project with the global

The project extends over a land area of ​​42,207 m², with a total construction area of ​​57,534 m². The resort consists of eight buildings, including the hotel, private residences and ancillary spaces, as well as 277 underground parking spaces.

Devolli Corporation expands in Montenegro, mega hotel project with the global

At the center of the project will be the five-star InterContinental Tivat hotel, which will offer 159 rooms and suites, designed to offer comfort, elegance and panoramic views towards the Bay of Kotor.

“InterContinental Resort Tivat represents an important step in Devolli Corporation’s long-term vision to expand our activities in international markets and to develop projects with high international standards. For us, this is not just an investment in a luxury hotel, but the creation of a unique destination that combines hospitality, exclusive residences and a new living experience in one of the most beautiful locations on the Adriatic. The partnership with IHG Hotels & Resorts is proof of our ambition to collaborate with the most prestigious global brands and to bring long-term value to the markets where we invest. We strongly believe in the potential of the coast in the region and we are proud that through InterContinental Resort Tivat we are contributing to the further development of tourism and the economy of the region”, emphasized Adriatik Kelmendi, member of the Board of Devolli Corporation.

The resort will include a rich offering of services and recreational spaces, including:

• Exclusive spa with sauna and indoor pool;

• Outdoor pools and rooftop pool;

• Main restaurant with terrace and à la carte restaurant;

• Lobby bar, spa bar and beach bar;

• Tennis club;

• Rooftop gardens and green spaces;

• Spaces dedicated to relaxation and entertainment.

Devolli Corporation expands in Montenegro, mega hotel project with the global

Devolli Corporation expands in Montenegro, mega hotel project with the global

All of these spaces will create an integrated luxury hospitality experience, combining contemporary architecture, nature and the unique landscape of the bay.

An important component of the InterContinental Resort Tivat are the 225 private residences, with a total area of ​​approximately 18,000 m², which will be developed in three phases.

The residences will offer one, two and three-bedroom units, as well as duplex apartments, equipped with private terraces and sea views.

The special value of this concept lies in the combination of the privacy and comfort of a private residence with the advantages and services of a top-level international hotel, which increases the tourist and economic potential of the region, creating a new luxury tourism destination on the Adriatic.

Devolli Corporation expands in Montenegro, mega hotel project with the global

The size and complexity of the project is expected to generate numerous jobs during the construction phase, as well as sustainable employment opportunities after the resort is completed and operational.

The partnership with IHG Hotels & Resorts represents a key element of the project, combining the investment vision of Devolli Corporation with the international experience and expertise of one of the world's most renowned hotel operators.

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