Luxury hotel, five-star villas will total of 500 beds, as well as two marinas with 400 berths are planned to be built on the Lastovo Islands. The international call for submission of bids to build the accommodation and get concessions on the marinas and beaches on Lastovo was opened today by the Ministry of State Property.
The tourist project was defined by zoning plans in 2017, and the value of the overall project is estimated to be around half a billion kuna (around 80 million Euro).
The plan includes Jurjeva Luka and nautical port Kremena, located at the central and southern part of the islet of Prežba. Prežba is connected to Lastovo mainland by a bridge in Pasadur. In the past, the company Jadranski luksuzni hoteli, currently owned by the Lukšić family, was interested in Jurjeva Luka.
The area in question is over 24 hectares, and all of it is located within the Lastovo Islands Nature Park, so any investments will have to be following strict conservation bylaws. Long forgotten army barracks still exist in Jurjeva Luka, and additional navy installations are located in Kremena, but since those objects have no conservation or any other value, the investor will be able to remove them if they want to.
The hotel, villas and the marinas will have to fit into the protected natural and cultural heritage, and not stand out (archaeological findings at the locations are possible and are to be expected). Swimming pools, various sports and recreational zones, bars, restaurants, but also a seaplane landing spot will be allowed in the zone. The hotel will be allowed to have as many as 450 beds and villas 50 – at 6 beds per villa at the most.
At least 50% of the zone needs to be landscaped using local plants and keeping as many already existing plants as possible. All buildings will be able to have solar cells installed. The concession for the part of the coastline and the sea will be given for 50 years, and since it should be one project, the future investors will be able to apply for the project’s entirety, not just certain aspects of it.
In the next 50 years, it is expected that the total price tag for the concessions and the rental of the land will be around 950 million kuna – and that is just the lowest possible price for any bids. The selected investor will have to build the tourist buildings within 5 years since the start of the project, so we can expect a profound change happening to Lastovo in mid the ’20-s.