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In 1970s and 1980s, a complete tourism industry of Montenegro has been pooled in a single enterprise called Montenegrotourist, based in Budva. From this centralised enterprise, established as a socialist-type business organisation, OOUR Budva has come out as an umbrella enterprise for all the hotels within the Budva Municipality. In 1990, it renamed to Hotel and Tourism Enterprise of Budvanska Rivijera. The enterprise back then comprised as much as 18 hotels. It was last named Budvanska Rivijera Hotel Group in September 2009, the enterprise being majority state-owned.

Budvanska Rivijera Hotel Group, JSC now manages and actively operates 5 hotels and over 3,800 beds, namely: Palas Hotel (4*) Petrovac, Castellastva Hotel (4*) Petrovac; Slovenska Plaza Tourist Development (3+* and 4*), Budva; Aleksandar Hotel (3*), Budva; and Hotel Mogren (3*)

In addition thereto, Budvanska Rivijera HG is the owner of Sveti Stefan and Milocer Hotels, which are subject to multi-year leases.

In early 2012, the Hotel Group has bougth Piva Hotel in Pluzine, thus taking a new business direction.

1 Basic Organizations of Associated Labor

2 Original name in Montenegrin: Hotelsko turisticko preduzece Budvanska rivijera

3 Original name in Montenegrin: Hotelska grupa Budvanska rivijera



Decades of presence in the tourism market, a continuous work on hotel category upgrades and investing into the quality thereof have resulted in numerous international and national awards to Budvanska Rivijera Hotel Group and in the employees thereof having won numerous prizes at vocational skills competitions.

  • Wild Beauty Award to Budvanska Rivijera Hotel Group for an enterprise with the best results in tourism and largest contribution to the quality thereof in 2011.

  • The Best Club HotelPalas Hotel, in competition among 11 Mediterranean countries, for the superior quality of service in the season of 2011.

  • Gold Medal to Aleksandar Hotel and the Grand Gold Medal to Palas Hotel at the Tourism Fair in Novi Sad in 2011.

  • Award of the Czech tour operator Vitkovice Tours at the Tourism Fair in Prague in 2010 for the superior quality of services provided in Slovenska Plaza Tourist Development.

  • Award of the French tour operator Prodintour to Palas Hotel in competition among club hotels from 12 Mediterranean countries in 2010.

  • Wild Beauty Award for the best coastal 3* hotel to Palas Hotel in 2010.

  • Wild Beauty Award for the Montenegrin company with the best results in the international market in 2005 and 2007.

  • 2007 Business Partner in Tourism award, organised by the Mass Media International company from Belgrade;

  • Golden Award for Tourism, Hotel and Catering Industry 2004 at the proposal of Trade Leaders Club from Madrid and the Editorial Office publishing group.



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