It should be noted that this is the second 5-star resort of Brown Hotels in Greece - after Isla Brown Corinthia which started its operation last year in the Spring.

The Special Town Planning Plan was also approved in the decree.

The renovation program is worth €36 million and will create at least 150 new jobs.

In January 2023 was recorded on average an occupancy of 50.9% and February of 58.0%.

The future Meliá Bečići Budva will have 294 suites, of which 140 will be apartments measuring up to 118 sqm, all designed to adapt to the different needs of different types of travellers.

The seller is Bain Capital that had purchased the property in 2017

Sotheby's International Realty's the Luxury Outlook report is for the first time published to cover also Greece.

The buyer of the portfolio is the consortium "SMERemediumCap / Latonia Enterprises Company Limited - Athanasios Laskaridis Family Office / WHG Europe Limited - Brown Hotels".