Previously, Adriatic Properties said it would invest €11.62 million in the construction of the 5-star Kraljičina plaža hotel by December. However, the amount of investment has doubled this year.
Dragan Marković, director of the hotel company “Miločer” (the owner of the site), noted the transparent nature of the investment. Information on the progress of construction will be available to residents.The Kraljičina plaža hotel is designed to have a total of 126 rooms: 43 single rooms, 44 double rooms, 31 triple rooms, 4 quadruple rooms, 2 five-bed rooms, and 2 six-bed rooms. Previously, half of the apartments were planned for sale. However, local residents strongly opposed residential units in the project.
The total area of the entire complex is about 22,000 sq. m. The total investment in the hotel construction has increased to €73 million. Adriatic Properties has spent €4.2 million on the project and design development, Marković added.
Construction work began last November. It is expected to be completed in three years.Source.