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Montenegro: Nammos Hotels & Resorts has signed a deal with developer Smokva Bay to open a hotel and residences in on Montenegro’s Budva Riviera.
Set to open in 2029, the resort will become the brand’s first project in the Adriatic.
It will feature 117 keys including 47 hotel suites, 61 branded residences and nine branded villas.
Dining venues include the Nammos Restaurant, set to open in 2026 with a pop-up experience on the nearby island of Sveti Stefan. Additional F&B venues include the all-day dining restaurant Nalu, cocktail bar Ilios Lounge, and a rooftop pool bar.
Other amenities include a spa, gym, swimming pools, private dining venues, and exclusive beachfront amenities.
Petros Stathis, chairman of Nammos, said: “Our partnership with Smokva Bay represents an exciting new chapter in the evolution of Nammos Hotels & Resorts. Having invested in Montenegro for many years, I have always believed in its extraordinary potential as one of the Mediterranean’s most compelling luxury destinations. Together, we are creating far more than a resort – we are creating a destination that embodies the spirit, energy and sophistication that define Nammos while celebrating the remarkable character of Montenegro.”
Carolyn Turnbull, CEO of Nammos Hotels & Resorts, said: “This collaboration marks an important milestone in the international growth of Nammos Hotels & Resorts. Together with Smokva Bay, we are bringing the complete Nammos lifestyle to Montenegro through exceptional hospitality, branded residences, world-class dining, wellness and curated experiences that celebrate the very best of Mediterranean living.”
Vadim Verhovski, chairman of Smokva Bay, said: “Our vision for Smokva Bay has always been to create a destination of international significance, rooted in the beauty and character of Montenegro. Selecting Nammos Hotels & Resorts as our long-term partner was fundamental to that ambition. Together, we are bringing the complete Nammos lifestyle ecosystem to the Adriatic, establishing a new benchmark for luxury hospitality, branded residences and destination living in the region.”
Fredrik Jonsson, CEO of Smokva Bay, said: “Smokva Bay is a rare opportunity to shape a truly integrated luxury lifestyle destination on the Adriatic, with Nammos bringing a powerful global brand layer and a proven ability to create exceptional lifestyle experiences across the hotel, branded residences, high-energy dining and curated retail, creating enduring value and setting a new benchmark for the region.”
Highlights:
- Nammos Hotels & Resorts has signed an agreement with Smokva Bay to develop a luxury hotel and branded residences on Montenegro’s Budva Riviera, scheduled to open in 2029.
- The Montenegro resort will comprise 117 keys, including 47 hotel suites, 61 branded residences and nine branded villas, marking Nammos Hotels & Resorts’ first Adriatic property.
- The mixed-use development will feature the Nammos Restaurant, Nalu all-day dining venue, Ilios Lounge, rooftop pool bar, spa, gym, swimming pools and exclusive beachfront amenities.
- Nammos Restaurant will establish an early presence in Montenegro with a pop-up on the nearby island of Sveti Stefan in 2026, ahead of the full resort opening in 2029.
