After five years out of operation, one of Herceg Novi's most recognisable hotels has finally entered the renovation process. The new owner plans to bring Hotel Pla\u017ea back to the market as a four-star property, with additional investments estimated at \u20ac15\u201320 million.<\/p>\n\n\n\n
The first concrete works have already begun. At the end of October, clearance work was launched in the hotel complex, removing worn-out equipment and old installations and preparing the space for a more extensive refurbishment.<\/p>\n\n\n\n
The company Vile Oliva, owned by \u017darko Rak\u010devi\u0107, bought Hotel Pla\u017ea at a public auction for 20.4 million euros<\/strong>. The full amount was paid on 13 October, after which the conditions were created for the transfer of ownership and the start of the investment.<\/p>\n\n\n\n The investor's plan at present is not to demolish and build a new hotel, but to adapt the existing complex while preserving its architectural identity.<\/p>\n\n\n\n One of the biggest undertakings will be addressing the waterproofing and restoring the fa\u00e7ade. It was previously announced that approximately 3,000 square metres of the glass fa\u00e7ade would be replaced with more energy-efficient materials, as well as a complete refurbishment of the rooms and installations. The target category is four stars.<\/p>\n\n\n\nFour stars instead of a complete reconstruction<\/h2>\n\n\n\n