Hotel Kilimanjaro Residences, Kolasin Valleys

The newest addition to Ski Village Kolasin 1450 Nest, part of Kolasin Valleys resort, Hotel Kilimanjaro in a central position in the resort dominates the design and concept inspired by the power of nature. From the name to the materials used, the distinctiveness of these properties is emphasized by the use of local stone and wood as timeless values for future owners, allowing them to fully experience the peace, tranquillity, and beauty of nature.

Two luxurious restaurants, a modern ski room for cleaning, drying, and preparing equipment for the next adventure on powder snow slopes, a nightclub, and a gym make up the list of benefits for apartment owners.

Future owners of apartments in Hotel Kilimanjaro also benefit from:

Full Hotel Management and Maintenance of the unit

Free use of SPA in Hotel C (starting construction summer 2024) and gym

Free Valet service and parking in the Hotel garage

Concierge services

Free daily housekeeping service

Discounted price on all requested services (Breakfast, Ski rental, Ski room services, F&B outlets)

The owners have the opportunity to choose from a collection of 77 accommodation units, from studios of 36 m2 – 42 m2, one-bedroom apartments from 45 m2 to 50 m2 to two-bedroom apartments from 60 m2 to 77 m2. Prices start from 250,000 eur for studio units up to 460,000 eur for two-bedroom units of 77 m2.

Our recommendation is a one-bedroom apartment of 49 m2 at the price of 292,300 eur.

Hotel Kilimanjaro will open its doors to its first guests in the winter of 2025.

The resort is located right next to the ski slope, only 10 km from the center of Kolasin and 60 km from the capital Podgorica, which can be reached by highway. The nearest National Park Biogradska Gora is 30 km away, and the nearest airport in Podgorica is 70 km away.

At 5,965 € per m² this listing sits about 59% above the median for Kolašin, which stands at 3,750 € per m² across the 8 properties we hold there. A premium usually buys position: the first line, a higher floor, or a completed build rather than one still under way.

We currently hold 8 properties in Kolašin, running from €168,289 to €550,000; by price this one ranks 3 of 8. Where a property falls in that order tells you more than the asking price on its own.

On this asking price of €292,300 for 49 m², transfer tax comes to €11,615 — an effective 4%. Since 2024 the rate is progressive rather than a flat 3%, so it is worth calculating on the actual figure rather than assuming.

Within 5 km of this address we hold 3 other for sale listings, asking between €168,289 and €251,000, with a median of €213,273. At €292,300 for 49 m² this one ranks 1 of 4 inside that radius. Comparing against immediate neighbours is a shorter route to a fair price than comparing against a whole town.