Consortium consisting of “Northstar” from Podgorica and “Equest Capital Limited” from Great Britain are about to invest 80 million euros and bring prestigious brand Ritz-Carlton to Herceg Novi.
The Ritz-Carlton Hotel Company, LLC is an American company that operates the luxury hotel chain known as The Ritz-Carlton. The company has 98 luxury hotels and resorts in 30 countries and territories. The current company was founded in 1983, when the previous owners sold the Ritz-Carlton brand name and the Ritz-Carlton hotel in Boston, Massachusetts. The brand was subsequently expanded to other locations. The company is today a subsidiary of Marriott International. [Source: Wikipedia]
Construction of the hotel will start soon, and it will be completed in phases over the course of next five years.