The Porta Rai hotel-residential complex will be situated on Velika Beach. Credit: Dusan Radevic / Shutterstock.

Karisma Hotels & Resorts, in partnership with Dobrov & Family Group, has announced plans to construct the Porta Rai hotel-residential complex in Ulcinj, Montenegro.

Construction is expected to begin in November this year, with the project value estimated at €160m ($173.15m).

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Dobrov & Family Group Montenegro director Dragan Lučić was quoted by Vijesti Online as saying: “Our goal is to ensure the start of construction in November, and the plan is to realise the entire project in a period of three to four years.

“We believe that with this project, we will enrich the tourist offer in the region, and provide everyone who wants it with a new address of luxury on the most beautiful beach of the Adriatic coast.”

The five-star Porta Rai hotel and residential complex will be situated on Velika Beach and feature an array of accommodations, restaurants and bars.

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Among other amenities to be provided at the complex include seven swimming pools, and sports facilities including paddle, tennis, and basketball courts, as well as mini-golf.

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The complex will also feature various children’s facilities, catering to families.

Karisma Hotels & Resorts Europe and the Middle East director Nemanja Kostić said: “Accordingly, I am also pleased that the entire complex will be located in the middle of a large park, filled with green areas and authentic Mediterranean plants because we want to create an environment tailored to people.”

Last year, Karisma Hotels & Resorts signed an agreement with Salesforce and TELMEX, a Mexico-based company, to enhance its technological capabilities.

Karisma Hotels’ current portfolio of properties includes Azul Beach Resort Riviera Cancun, Azul Beach Resort Negril, Nickelodeon Hotels & Resorts Riviera Maya, and more.