IHG to open 7th property in Montenegro

Crowne Plaza Podgorica to open by year-end
2024-11-03
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/ New Delhi
/ Hotels
IHG to open 7th property in Montenegro

Crowne Plaza Podgorica is located in a mixed-use complex

Leading hospitality company IHG Hotels has announced the setting up of Crowne Plaza Podgorica in capital of Montenegro. The hotel is slated to open by end of the current year.
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British hospitality giant IHG Hotels & Resorts (IHG), one of the world’s leading hotel companies, has announced the signing of Crowne Plaza Podgorica, its seventh hotel in Montenegro, in southeastern Europe.

According to a press statement by IHG, the hotel will be its second property in the Montenegrin capital. The converted property, owned by Serbian real estate development firm BIG CEE, is set to open by the end of 2024.

IHG says that the 122-key hotel is situated within the Capital Plaza mixed-use development and surrounded by the regional headquarters of several banks and multinational companies including Deloitte, PWC and the World Bank. Other features include residential properties and luxurious commercial, retail and restaurant spaces, making it an ideal destination for locals and visitors alike.

It says that the Capital Plaza has significantly influenced Podgorica’s business district over last decade, with its impressive office tower to lifestyle features, it has become a true ambassador for the country’s fast-paced development.

Alongside several meeting and events spaces, the hotel will feature one main restaurant on the first floor, and a bar and signature lounge on the ground and fifth floor respectively.

Crowne Plaza Podgorica joins the 93-room Crowne Plaza Kolasin – due to open in the second half of 2025, as part of IHG’s growing estate in Montenegro. As one of the world’s largest premium hotel brands, Crowne Plaza offers purposeful design underpinned by flexible spaces to work, meet and relax, while meeting the needs of guests seeking productivity, relaxation and an opportunity to connect. Crowne Plaza Podgorica adds to the brand’s growing portfolio which is expected to reach 100 open hotels in Europe by the of 2025.

Geels

“It is wonderful to sign Crowne Plaza Podgorica, which is an important moment for IHG as we continue to grow our presence across the Balkans. The hotel will fit seamlessly into the existing Capital Plaza development in the prime location of Podgorica and is a great example of our ability to sign and convert properties across our brand portfolio at speed,’’ says Willemijn Geels, Vice President, Development, Europe, IHG Hotels & Resorts.

“The popularity of conversion opportunities across Europe reflects the attractiveness of IHG’s brands and the value of our global enterprise, including our growing IHG One Rewards programme, amongst our owners, who are looking to capture the growing demand of travellers in top locations. We look forward to working alongside our trusted partners at BIG CEE to bring this project to fruition and welcome guests at Crowne Plaza Podgorica before the end of the year,” she adds.

“This unique and cosmopolitan property is one of very few that have transformed the business image of the Montenegrin capital. Since its acquisition in 2023, we have constantly been improving the service versatility and the offer of The Capital Plaza. Hence, we are delighted to partner with IHG Hotels & Resorts. It is great to welcome the first Crowne Plaza in Podgorica, and we, together with IHG look forward to welcoming domestic and international guests to this superb hotel by the end of 2024,” says Lev Weiss, CEO, BIG CEE.

Lev Weiss

The statement adds that IHG has two open hotels in Montenegro,  Regent Porto Montenegro and voco Podgorica, as well as one Iberostar Waves Herceg Novi. Crowne Plaza Podgorica joins three other properties in its development pipeline due to open in the next 3- 5 years in the country, namely InterContinental Resort Cjan, Crowne Plaza Kolasin and Holiday Inn Mojkovac. The hotel also joins a pipeline of 19 Crowne Plaza properties in development across Europe, and 146 around the world.

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