Podgorica - The Hospitality Asset Management team from London, in colaboration with the Montenegrin Colliers office have been instructed by Savana Gruppen to provide asset management services for the Ramada Hotel in Podgorica, Montenegro.

These services will cover financial, sales and marketing management, as well as revenue management and leadership/GM support.

The Colliers’ Hospitality Asset Management team was introduced to the client in May 2018 via Milovan Novaković, general manager of Colliers International Montenegro. The Montenegrin office conducted an independent review of the hotel and its key operational performance drivers, its issues and overall business strategy.

The team was subsequently engaged by the owner in October 2018 to provide full asset management services for the hotel.

The Swedish investor Savana Holding AB is a privately owned construction and property company with two main lines of business: the development and administration of commercial properties under its own management, as well as the development of private apartments.

 

About Colliers International Group Inc.

Colliers International Group Inc. (NASDAQ: CIGI) (TSX: CIGI) is a top tier global real estate services and investment management company operating in 69 countries with a workforce of more than 13,000 professionals. Colliers is the fastest-growing publicly listed global real estate services and investment management company, with 2017 corporate revenues of $2.3 billion ($2.7 billion including affiliates). With an enterprising culture and significant employee ownership and control, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide, and through its investment management services platform, has more than $25 billion of assets under management from the world’s most respected institutional real estate investors.

Colliers professionals think differently, share great ideas and offer thoughtful and innovative advice to accelerate the success of its clients. Colliers has been ranked among the top 100 global outsourcing firms by the International Association of Outsourcing Professionals for 13 consecutive years, more than any other real estate services firm. Colliers is ranked the number one property manager in the world by Commercial Property Executive for two years in a row.

Colliers is led by an experienced leadership team with significant equity ownership and a proven record of delivering more than 20% annualized returns for shareholders, over more than 20 years.

For the latest news from Colliers, visit Colliers.com or follow us on Twitter: @Colliers and LinkedIn.

Colliers International Contacts

Milovan Novaković

General Manager

milovan.novakovic@colliers.com

+382 69 388 814