Around 2.267 employees worked in seven most important hotels and tourist companies in Montenegro last year, and they made a profit of €151 million.
Maestral hotel and casino in Budva generated the highest profit – € 36, 6 million. Next comes Luštica Development, with €33,3 million. Budvanska Rivijera made a profit of €21, 5 million, HG Montenegro Stars – €20,7 million, HG Belvi – €14 million, Adriatic Properties – €12,9 million and Beppler and Jacobson Montenegro – € 11, 8 million.
Five out of seven companies finished the last year with a positive performance. Maestral made the highest profit – €10, 7 million. Belvi Hotel Group from Budva finished last year with a profit of €4, 64 million. Budvanska Rivijera made a profit of €2,6 million, while Beppler and Jacobson Montenegro made a net profit of €1, 52 million. The profit of Montenegro Stars amounted € 342.738 whereas the Adriatic Properties was at a loss – €5,72 million. Luštica Development also operated at a loss of € 475.545.
Montenegro Stars company had the highest number of employees last year – 650. Budvanska Rivijera counted 585 and Maestral 357 employees. Adriatic Properties had 280 employees and Belvi Group had 214. At the end of last year, Beppler and Jacobson had 93 employees, and Luštica Development – 88. Budvanska Rivijera has the highest capital – €190 million. The capital of Montenegro Stars amounts € 80,37 million, Beppler and Jacobson – €36,2 million. Capital of Belvi amounts to €28,2 million and Maestral had the capital of €20,56 million. Adriatic Properties had negative capital amounting to €49,5 million.
Owner of the Maestral hotels and casinos company from Budva is Fasamo, company from Podgorica. President of the Board of Directors is Georgios Lychnos, while Christos Tsemperas is the CEO.
This company manages Maestral hotel, which was reopened in July of 2017 after being reconstructed. Luštica Development is the branch of Swiss Orascom Development Holding. Samih Saviris is the President of the Board of Directors and Daren Gibson is the CEO. This company is carrying out the Luštica Bay project. Last year, the first phase of the marina with 176 berths was opened in Luštica Bay, along with the first ultra-luxurious Chedi hotel and marina settlement with around 220 residential units.
Budvanska Rivijera is still mostly state-owned. Saša Radović is the President of the Board of Directors of this company. Katarina Kažanegra is the CEO. Founders, that is, co-owners of Montenegro Stars hotel group are Žarko Radulović and Viktor Ivanenko. Milan Vuković is the CEO of this company. Splendid is within this company too. Owners of Belvi Hotel Group are Branko and Predrag Ćupić and Selim Kolar is the CEO. President of the Board of Directors of Adriatic Properties is Petros Statis and Goran Bencun is the CEO.
Founder of this company is Aidway Investments from British Virgin Islands. Adriatic Properties is the long-term tenant of Sveti Stefan hotel, Miločer villa, and Kraljičina plaža hotel. Founder of Beppler and Jacobosn company is Lawson Trading INC. This company manages Avala hotel in Budva and Bjanka hotel in Kolašin. Nikola Kasalo is the CEO and Alexander Safian is the president of the Board.
