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Marriott to launch Ritz-Carlton brand in Montenegro

Marriott International Inc. signed an agreement with Northstar DOO to launch its Ritz-Carlton brand in Montenegro.

The hotel component of the mixed-use development will have 120 guestrooms and suites, while the residence segment will include 180 apartments and 48 villas. The first phase of construction is expected to be completed in 2023, with the final phase scheduled for completion by 2028. Residential sales are scheduled to commence in 2020.