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Hotel Mediteran Resort

Owner representation and hotel asset management for prominent destination resort along Montenegro’s famed South Coast. Hotel Mediteran is a destination resort situated along the Adriatic coast, in the scenic coastal town of Ulcinj (Montenegro). Stonecreek Partners has provided owner representation support to the facilities management and development teams.

 

The property was purchased by Becovic Management Group, d.o.o., an affiliate of Chicago-based Becovic Management Group. Another Becovic affiliate organization, Becovic Holdings Corporation, manages Hotel Mediteran and provides owner representation for all renovation and new construction activity.

 

The Becovic organizations were founded by Husein Becovic, a native Montenegrin who emigrated to the U.S. in the 1960’s. Now retired from the business but active in philanthropy, Husein Becovic purchased Hotel Mediteran out of fondness for his hometown – Ulcinj – and in interest in initiating the greater economic development of the Ulcinj South Coast region.  The beachfront at Hotel Mediteran is in the form of a coastal overlook known as “the Kula” and a small cove below.
 

Most descriptions of StoneCreek Partners experience and/or work product are limited by client or partner non-disclosure agreements. We include our partners’ experience while with predecessor organizations.

Location

Ulcinj, Montenegro

Client

Becovic Holdings Corporation; Becovic Management Group

Category

Hotels, SCP Asset Management, SCP Development, SCP Transactions

Tags
asset management, entitlements, facilities management, hotels and resorts, montenegro, owner representation, ulcinj