12
November
2010
Banyan Tree Hotels & Resorts signs hotel management agreement to manage first European integrated resort on Sveti Marko Island
Banyan Tree Hotels & Resorts (Singapore) has become an
official hotel operator of the Sveti Marko Island integrated
resort. According to the agreement signed recently in Thailand
between Mr. Ho Kwon Ping, Executive Chairman of Banyan Tree
Holdings Limited, and Mr. Mikhail Slipenchuk, Head of METROPOL
Group of companies, Banyan Tree Hotels & Resorts will become
the Operating Manager of the boutique spa hotel, bungalows and
luxury villas on Sveti Marko Island, Montenegro.
The master plan is to develop the first integrated resort in
Europe on the Island, Sveti Marko being the biggest and the most
beautiful private island in the Adriatic sea, in the Montenegrin
municipality of Tivat. 74 luxury villas, 100 bungalows,
ultramodern hotel and spa, restaurants, bars, cafе, boutiques of
different prestigious brands will be developed on the Island. The
total volume of investment in the project the construction phase of
which will start in autumn 2010 is estimated at €300m. It is of the
most ambitious projects in Montenegro that is being developed by
the international team of the world leading companies such as
Savills, Woods Bagot, Arup, HBA, EDSA and Banyan Tree Hotels &
Resorts - a leading manager and developer of premium resorts,
hotels, spas and in the world.
“Sveti Marko Island in Montenegro is truly a diamond carcanet on
the neck of Europe. We take participation in the project
development with the best world famous companies as a great honor”
said Mr. Mikhail Slipenchuk, Head of METROPOL Group of
companies.
“We are delighted to partner Metropol Group of Companies to
establish the Banyan Tree brand of hospitality in this exciting
integrated resort project. We recognize the positive energy and
alignment of business philosophy between the two companies, and the
opportunity to bring our brand of hospitality to this stunning
region of the world for the first time, and that, is exciting
indeed.” said Mr Ho Kwon Ping, Executive Chairman of Banyan Tree
Holdings.
Sveti Marko Island project has also received a high appraisal of
the state of Montenegro. Within the framework of the Second
Festival of Real Estate Investments “FREI 2010” in Montenegro the
Prime Minister of Montenegro, Mr. Milo Djukanovic, visited the
stand of Sveti Marko Island project. METROPOL Group of Companies as
a Special partner of the Second Festival of Real Estate Investments
in Montenegro was awarded a diploma for cooperation and assistance
in realization of the Festival. Branimir Gvozdenovic, Minister for
Spatial Planning and Environment in Montenegro, presented Oleg
Korol, CEO of METROPOL DEVELOPMENT Company, with a diploma at the
official awards ceremony.
Reference
Sveti Marko Island project
In 2007, the Metropol Group bought Sveti Marko Island near
Tivat city by auction. The Island is located is situated Boka-Kotor
Bay of the Adriatic Sea. Boasting picturesque scenery, unique
natural diversity and mild Mediterranean climate the Bay is
registered in UNESCO’s World Heritage List.
On the territory of 34 hectares it is planned to create the
first 6 star island spa resort in Europe. The total volume of
investment in the project is estimated at €300m. The plan includes
private villas, bungalows, hotel, restaurants, bars and cafe,
boutiques of prestigious brands and spas. Under the master-plan,
all of the project’s elements will be constructed according to
the
highest world standards. The main development concept will be to
conserve the island’s environment. Electricity will be used as a
single source of energy for all transport on the island.
In Summer 2010, 108,4 thousand Russian people visited Montenegro,
the summer 2009 — 95,4 thousand.
Characteristics of the project:
Site land area – 347 250 sqm
Coast line – 4 km
Footprint coefficient – 14 %
Total building area – 79 790 sqm
In February 2010, the Government of Montenegro approved the
state location study of the Sveti Marko Island project. The period
of validity of the decision is up to 2020. The state location study
comprises the general plan.
