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Marriott International and Danube Riverside d.o.o. Belgrade have signed an agreement to bring the prestigious hotel chain The Ritz-Carlton to Serbia, transforming the former Hotel Jugoslavija site into a modern hotel complex.
The agreement was signed by Ivan Bosnjak, Director of Millennium Team, and Sandeepa Walia, Chief Operating Officer for Luxury Brands EMEA and the Middle East at Marriott International. Present at the signing were Serbia’s Minister of Finance Sinisa Mali and Minister of Tourism and Youth Husein Memic.
According to statements made after the signing, the project is valued at between €400 million and €500 million, with completion expected in 2027. The development will include a luxury hotel with over 190 rooms, a 42-story residential tower, a 34-story office tower, a marina, and a landscaped promenade connecting Nikola Tesla Boulevard to the Sava River.
The project will adhere to the highest sustainability standards, preserve the cultural identity of the location, and incorporate an innovative approach aligned with global trends.
Marriott International is a leading global hospitality company with a portfolio of nearly 9,100 hotels across more than 142 countries. Its Ritz-Carlton brand is synonymous with luxury and exceptional service.
Danube Riverside d.o.o. Belgrade is part of the Millennium Team, a leading Serbian company specializing in construction infrastructure with over two decades of experience in delivering key projects in the country and the region.
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