Investment Proposal
ChaletDorf Durmitor
Legally registered land asset in Montenegro.
Žabljak, near Durmitor National Park (UNESCO)
€5.1 mln
Asset Value
45,122 m²
50 plots, urbanized land
18,926
m² BRGP
Approved built-up area
3 years
Development project implementation period
20%+
IRR
Annual investor return
Key Advantages
A land asset with a rare combination of characteristics, creating a high barrier to entry for competitors.
Ready Urban Planning Basis
  • Urbanized territory with approved development parameters via DUP "Tmajevci i Meždo".
  • Officially confirmed 18,926 m² BRGP of above-ground development.
  • All permitting procedures are based on valid documentation.
Critical On-Site Infrastructure
  • Municipal water supply, sewerage, and electricity networks are connected to the boundary of the plot — a rarity for the region.
  • This is critical for a wellness resort with SPA and medical facilities, where centralized utilities are mandatory.
Protected Natural Environment
  • A state forest belt creates a natural barrier from noise and development.
  • High-mountain climate (1450 m) and coniferous forests create the effect of an "air sanatorium" — a natural health resource for the territory.
Readiness for Implementation
  • Conceptual development scenarios, detailed architectural studies, and a financial model have been prepared.
  • Possibility to adapt the concept to the buyer's strategy or "turnkey" implementation.
Why This Asset is Unique
Urban Rarity
In Žabljak, there is an extremely limited amount of urbanized land with confirmed parameters for commercial hospitality development. ChaletDorf Durmitor is a single, undivided plot with ready state conditions (UTU) and a complete package of documentation.
Infrastructure Advantage
For a wellness resort, centralized water supply and sewerage are critically important. Many attractive plots in the region lack access to municipal utility networks. This creates a high barrier for competitors and ensures the long-term value of the asset.
Location and Environment
The plot is in close proximity to the center of Žabljak, yet it is situated away from noise and visual pollution, within a natural environment and without dense adjacent development. This rare balance between infrastructure accessibility and resort tranquility is a fundamental condition for recovery, wellness, and longevity programs.
Why Northern Montenegro, not the Coast
The Montenegrin coast is characterized by high summer temperatures, increased humidity, a rainy winter period, and significant seasonal overcrowding. Mountain regions, in contrast, offer a milder and more balanced climate, clean air, and comfortable conditions for extended stays.
Northern Montenegro boasts a two-season tourism model:
Winter
Ski and active tourism
Summer
Nature, ecological, and wellness tourism
According to the state statistical authority MONSTAT, tourist traffic to the northern regions is steadily growing and, in some periods, surpasses that of southern destinations.
Video Review of the Plot and Location

Google Maps

ChaletDorf Durmitor

Urbanized land near Durmitor National Park (UNESCO)

Urban Planning Parameters
The land complex is included in the current planning documentation DUP "Tmajevci i Mezdo", which ensures legal certainty of development parameters.
45,122 sq. m. total land area
18,926 sq. m. - permitted gross above-ground development area (BRGP)
0.52 - building coverage ratio
Asphalt access from the main road.
Fully connected
urban utilities
(water, sewage, electricity networks)
Data Source
The indicator is documented in the urban planning and technical conditions (UTU)
Approval Date: 27.03.2025
Approving Authority: Ministry of Spatial Planning, Urbanism and State Property of Montenegro
Download Urban Planning and Technical Conditions (UTU)

Important: This indicator refers only to above-ground areas. Underground floors are not included in the BRGP calculation and are regulated by separate norms.
Registration and Title
Owner
D.O.O. Synergy Capital Development
A legal entity registered under the laws of Montenegro
Cadastral Records
Title Deed: LN 588
Cadastral Municipality: Borje I
All rights are duly registered
Asset Composition
50 cadastral parcels
A unified land complex with clear boundaries and established ownership rights

Status in CRPS: Documents confirming the legal entity's registration and ownership rights are available for verification upon request.
Project Concept
The project was initially conceived and developed as a full-fledged operational resort, not as a one-time development. Its investment value is composed of several factors that rarely coincide simultaneously: a unique location, confirmed urbanized status, the presence of urban engineering infrastructure, and sustained global growth in demand for wellness and longevity tourism.
Climatic Resort
Žabljak is one of the climatic resort regions where the combination of altitude, clean air, and low humidity creates an environment widely used in preventive and rehabilitation programs, including those focused on the respiratory system.
High-Margin Business Model
ChaletDorf Durmitor is an entry into a high-margin hotel and medical business, where accommodation serves as a base for attracting guests, and the main profit is generated through health, recovery, and longevity programs.
Functional Zoning
Residence
Apartments offered for ownership and management within the Condo-Hotel concept provide investment flexibility and stable income.
Hotel
A hotel building with rooms, including developed wellness infrastructure and exclusive medical longevity programs.
Village
Exquisite private villas on individual plots, fully integrated into the overall ChaletDorf resort infrastructure.
This comprehensive zoning contributes to the successful implementation of the development strategy, building a sustainable hospitality business, and long-term asset capitalization growth.
Download additional materials:
Wellness and longevity market
The wellness and longevity tourism sector demonstrates one of the most dynamic growths globally.
According to Global Wellness Institute data, its volume doubled over the decade, reaching 894 billion US dollars in 2024.
894B USD
Current market volume (2024)
Wellness tourism market volume
2.05T USD
Wellness trips account for only 7.8% of the total tourist flow, but generate 18.7% of all tourist expenditures, attracting affluent clients. There are no specialized longevity resorts in the mountain regions of Montenegro, which opens up an untapped niche with high demand for ChaletDorf Durmitor.
Financial Model and Key Metrics
Below are the key financial indicators of the project, reflecting its cost and growth potential.
These indicators form the basis for a detailed analysis of the profitability and investment attractiveness of the ChaletDorf Durmitor project.
Comparative Analysis of Investment Scenarios
We present four possible investment scenarios for the ChaletDorf Durmitor project, each offering a unique balance of risk and return. These scenarios detail financial indicators and potential investment growth.
These data form the basis for strategic decision-making, allowing investors to choose the optimal path according to their risk appetite and expected returns.
Estimated Timelines for Final Permits
Obtaining building permits is a phased process, following the preparation and submission of a complete package of project documentation for each individual object or group of objects.
1
Design
Development of architectural and engineering documentation in accordance with DUP parameters and obtained UTU
The timeframe depends on the scope and complexity of the objects
2
Approvals
Obtaining technical specifications from utility services
Coordination with regulatory bodies (fire safety, sanitary standards, etc.)
3
Document Submission
Formation of a complete package
for obtaining građevinska dozvola
Submission to the authorized
municipal body of Žabljak
4
Permit Acquisition
The permit is expected to be obtained in March 2026
Depends on the chosen development scheme and the phased implementation strategy of the project

Timelines are approximate and may vary depending on the completeness of the project documentation, the workload of approving bodies, and the chosen phased development strategy.
Investment Thesis and Market Opportunity
ChaletDorf Durmitor presents a unique opportunity in the emerging wellness and longevity tourism market, leveraging its strategic location and growing demand.
Aging Population and Market Niche
By 2040, 65% of European tourism expenditures will come from the aging population, with longevity resorts remaining underdeveloped.
Growth in Wellness Tourism
Global wellness tourism expenditures are expected to reach $2.05 trillion by 2034, driven by holistic health trends.
Market Opportunity
Fragmented luxury clinic offerings create demand for mid-premium, design-oriented longevity resorts.
Strategic Position
The project targets the Durmitor region in Montenegro to become the first wellness and longevity resort with integrated models.
Clean Air of Žabljak
Žabljak is traditionally referred to as an "air spa" due to its high-altitude climate, extensive forests, and low anthropogenic impact.
Unique Mountain Location
The town of Žabljak, located near Durmitor National Park (UNESCO), offers an untouched environment for longevity tourism.
Conservative Assumptions
The model uses baseline pricing and phased development to minimize financial risks and enhance profitability.
EU Accession Prospects
Montenegro leads in EU expansion, which ensures a medium-term revaluation of the country and increased investment attractiveness.
Documents Available for Review
A complete set of documentation is available for due diligence and evaluation of the project's investment attractiveness.
Feasibility Study
Includes market analysis, project concept, technical parameters, cost assessment, and profitability
Financial Model
Cash flow projections, calculation of IRR, NPV, and payback periods under various scenarios
Title Documents
Cadastral excerpts, contracts, and certificates of ownership
Planning Documentation
Full text of the planning documentation with development parameters and graphic materials
Conditions for Document Provision
All documents are provided upon official request on a confidential basis.

NDA: upon agreement.
Deal Options
The ChaletDorf Durmitor project offers several flexible participation formats, adapted to various investment strategies and planning horizons.
1
Acquisition of 100% of the Project
Price: €5,100,000
The investor receives:
  • 100% of the project's land fund
  • A complete package of intangible assets (concept, architecture, financial model, marketing, brand, sales procedures)
  • An established operational team
This format is for investors seeking full control and a "turnkey" business.
2
Acquisition of a 50% Stake in the Company
Price: €2,580,000
The investor enters the project as a partner with a stake in the legal entity — the project owner.
This format is ideal for joint development and optimal risk sharing.
3
Acquisition of Residence 1 and Residence 2 Zones
Price: €1,410,000
The deal includes:
  • Land plots with a total area of 9,824 m²
  • Confirmed BRGP of 6,347 m²
  • Obtained UTU
  • Architectural and conceptual basis, existing sales procedures
This format is for investors focused on apartment development.
4
Acquisition of Hotel + Residence 1 + Residence 2 Zones
Price: €3,120,000
The deal includes:
  • Total land area of 22,874 m²
  • Confirmed gross development potential of 11,490 m² (excluding underground floors)
This baseline scenario offers an optimal balance between operational business and development.
Current Project Status
The management team is formed, preliminary sales have started, and future units are being booked.
The project is ready for continued implementation and transfer to a new owner.
Next Step
To continue the dialogue and receive detailed information, please select a convenient interaction format:
Request Document Package
Obtain title documents, DUP planning documentation, cadastre extracts, and other legally significant materials for preliminary due diligence.
Receive Materials
Review the detailed Feasibility Study (FS) and financial model of the project, including cash flow forecasts, profitability calculations, and scenario analysis.
Schedule a Call with a Representative
Conduct an online meeting or personal consultation to discuss project parameters, transaction terms, and arrange a site visit.
Contact Project Representative
For prompt interaction regarding documentation review, site inspection, and agreement on deal terms, owner representatives are available.
Representative Location
City: Budva, Zabljak, Podgorica
Possibility of organizing an on-site meeting by prior arrangement
Contact Channels
Phone: +382 69733907
Messengers: WhatsApp/Viber/Telegram
Interaction Format
Online project presentation and Q&A
On-site personal meeting for property inspection
Provision of a document package for due diligence
The owner's representative is ready to organize a site inspection, provide clarifications on planning documentation, urbanization conditions (UTU), permit acquisition procedures, and discuss potential deal terms.