Conquering the south

The slowdown of hotel development across theregion is now areality. Croatia and Montenegro, however, seem tobe exceptions totherule. But for how long?Mladen PetrovW                     2009. In thefirst ten months of 2009, there were 10.6mlnvisits tothecountry, compared tothe10.9mlnvisits throughout                For what it’s worth, theambitious project in Savudrija developed byCroatian-based company Skiper Hoteli, has already generated anenormous buzz. The Kempinski hotel is itself part of thefirst Croatian 5-star coastal Golf & Spa Resort. In addition tothe165 rooms, 19 suites and two presidential suites, thefacility also boasts aprivate beach, achapel, an18-hole golf course, 32 villas with private swimming pools and 14 residential buildings containing 260 apartments. The president spent thenight in one of thebiggest greenfield investments in Croatia, theinvestment costs of which come toEUR 230mln. The scheme was seven years in themakin