Montenegro's Portonovi resort joins Absheron Hotel Group
Montenegro's luxury Adriatic resort Portonovi has officially joined Baku-based Absheron Hotel Group (AHG), managed by PASHA Real Estate, part of its ultimate owner, Azerbaijan's PASHA Holding.
Portonovi, located in the UNESCO-protected Boka Bay, is 100%-owned by Herceg Novi-based asset management firm Azmont Investments, which is fully-owned by another PASHA Holding subsidiary - real estate developer PASHA Development, according to data from the Montenegrin business registry.
The resort, opened in August 2019, spans 26 hectares with over 1.8 km of beachfront. It includes more than 200 luxury properties, including village residences, marina apartments, Sky Villas, and One&Only private homes.
The resort also features the luxury superyacht Portonovi Marina, the Portonovi Yacht Club, as well as retail space, gyms, sports clubs and wellness centres.
Founded in 2013, AHG now operates 11 properties with over 2,000 rooms, covering hotels and resorts in Baku, Shahdag, Shusha, and Bodrum.
by Iskra Pavlova