New investors wanted for resort of the stars

Montenegro’s government is looking to lease the exclusive Sveti Stefan resort on the Adriatic Sea, a former summer mecca for Hollywood stars that has fallen into decline since the Balkan wars of the 1990s.

Tourist Minister Predrag Nenezic on today said the government was offering a 20-30 year lease on the resort to “bring in investors” to the cash-strapped republic and planned officially to launch the tender by the end of the month.