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The Registry Collection Affiliates with Lustica Bay, Adding Montenegro to its Growing List of Destinations

RDO / Industry Updates  / The Registry Collection Affiliates with Lustica Bay, Adding Montenegro to its Growing List of Destinations
22 Sep

The Registry Collection Affiliates with Lustica Bay, Adding Montenegro to its Growing List of Destinations

Orascom Development Holdings AG, a leading developer of fully-integrated resort towns, has signed an agreement affiliating Luštica Bay, a leading resort in Montenegro, with The Registry Collection.

Perfectly located along the Adriatic Coast, Luštica Bay provides visitors, homeowners and hotel guests with access to one of the world’s outstanding natural and historic settings. An emerging destination waiting to be discovered, Luštica Bay’s 690 hectares are being transformed to operate a sustainable tourism model in partnership with the Government of Montenegro.

On completion of the first phase, Luštica Bay will feature a range of high-specification real estate comprising more than 300 apartments from studios to three-bedroom penthouses as well as 14 town houses and four bespoke villas. Many upscale amenities will complement the development at completion of the initial development phase, including a 176-berth marina, a 300-key marina hotel, a boutique hotel, a range of fine dining restaurants, relaxed cafés and boutique shops, all sitting alongside an 18-hole Championship Gary Player golf course.

“We pride ourselves on building real estate of the highest quality and offering our homeowners an unparalleled lifestyle to set our product apart from our competition within the luxury overseas home market,” said Ihab Kamel, CEO, Luštica Bay.

Through affiliation with The Registry Collection, buyers at Luštica Bay can choose to exchange unused time in their properties for holidays in a selection of approximately 200 luxury resorts within the luxury leisure property network.

“We are delighted to welcome Orascom’s Luštica Bay resort into our luxury exchange programme, as it will deliver on all counts,” said Matt Holmes, new business development manager for The Registry Collection in Europe. “The resort’s individual residences are built to a high-quality specification and are quite unique, having the advantage of being integrated into a resort town infrastructure designed as a leisure playground. We know our members will love travelling to the resort, which is in one of the world’s most beautiful but lesser known holiday destinations. We are confident that Luštica Bay owners will also be equally delighted with the quality and choice of accommodations now accessible to them.

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