Emilfarb and Kostić plan to invest in Budva Riviera together

#MiodragKostić #MkGroup #StratexGroup


Stratex Group and MK Group of businessman Miodrag Kostić announced yesterday that they would invest together in Hotel Group Budva Riviera and other projects in tourism in Montenegro.

Partners share a vision for development of Riviera and believe that this company can be a leading one one it comes to hotel tourism in the region.

“The goal of this enterprise is to rise the level of value of the company by modernizing it, including professional management and developing it through joint investment program. We believe that the experience and capacities of MK and Stratex Group can ensure the transformation of Budva Riviera into a modern hotel company and leader of tourism in this part of Europe. We hope for a good cooperation with the Government of Montenegro and Budva Municipality, in order to further promote Budva as a touristic destination”, president of Stratex Group Neil Emilfarb said on the occasion.

MK Group is one of the leading holding companies in Serbia and one of the major vertically integrated agricultural companies in Europe. Development of hotel business has been its focus during the last few years.

Stratex Group is an international company working in real estate and hospitality. In Montenegro it has invested over 140 million EUR since 2006, and it is the biggest American investor. This Group owns Dukley brand that features Dukley Gardens, Dukley Residences and Dukley Marina, for the modernization of which Stratex will partner with Turkish Dogus Group.

Stratex is an important patron of the arts, through its Dukley European Art Community project.

Source: Cafe Del Montenegro