Regent Porto Montenegro is expected to leave IHG Hotels & Resorts and join Kerzner International’s Rare Finds collection, bringing another hotel at the Tivat development under the Kerzner network.
The proposed rebranding has not been formally confirmed by Adriatic Marinas, IHG or Kerzner International. The official Porto Montenegro website was still listing the property as Regent Porto Montenegro, with reservations handled through IHG’s booking system. Available information indicates that the hotel was scheduled to leave IHG at the end of August and that its cooperation with Regent Hotels & Resorts had ended. The transition would involve the wider hotel and residential complex comprising the Venezia, Aqua and Baia buildings.
Ownership and Renovation Plans
The change concerns the hotel operator and brand rather than property ownership. Porto Montenegro has been owned since 2016 by the Investment Corporation of Dubai, the Dubai government’s principal investment arm. ICD also holds a significant stake in Kerzner. An initial renovation phase is expected to cover the hotel’s common areas and 34 accommodation units in the Venezia wing. No investment value, detailed schedule or plan for renovating the rest of the complex has been disclosed.
The change would end the property’s relationship with one of IHG’s highest-positioned luxury brands. Regent became part of IHG’s portfolio in 2018, providing access to international distribution, corporate sales channels and the IHG One Rewards programme. Cash reservations are expected to remain valid after the transition, although guests would no longer earn IHG points or receive elite-status benefits once the property formally exits the system. The treatment of reservations made with IHG points has not been publicly confirmed. Transitional provisions could determine whether reward bookings are honoured, converted or transferred to another IHG property.
Rare Finds Expands into Europe
Under Kerzner, the hotel would become part of Rare Finds, a luxury collection focused on individual property identities, local culture, natural surroundings and destination-specific experiences. The collection includes Bab Al Shams and The Meydan Hotel in the United Arab Emirates, as well as Shamwari Private Game Reserve in South Africa. The Shamwari portfolio comprises 62 rooms and suites across six lodges and an explorer camp within a 25,000-hectare wildlife reserve.
The Tivat property would become Rare Finds’ first European hotel and add a position in the Adriatic luxury market. It would also increase Kerzner’s presence in Montenegro. Kerzner already operates One&Only Portonovi in Kumbor and SIRO Porto Montenegro at Boka Place. One&Only serves the ultra-luxury resort segment, while SIRO combines accommodation with fitness, recovery and wellness services.
Porto Montenegro’s Mixed-Use Model
The addition of Rare Finds would give Kerzner three differentiated brands in the Bay of Kotor, potentially allowing the group to share international sales, marketing and customer-management infrastructure while targeting different customer profiles. The Porto Montenegro development has evolved from a former naval base into a large luxury waterfront project combining a superyacht marina, residences, hotels, retail units and restaurants. It currently has about 480 marina berths and is expanding through Boka Place and additional residential projects. Its business model combines property sales, hotel demand, yacht traffic, retail spending and recurring management income.
The Regent has been the hospitality anchor of Porto Montenegro’s original South Village. Its brand, management and services are also connected with residences in the Aqua and Baia buildings.
A change of operator could therefore affect apartment owners and the resale market through service agreements, operating charges and rental management arrangements. Branded residences typically incorporate hotel services, amenities and international operator branding, although the practical impact will depend on agreements with individual owners.
Residential Values and Market Position
One-bedroom units marketed in the Aqua and Baia buildings in September were offered at approximately €745,000 to €850,000. Montenegro’s fragmented property-listing market makes achieved transaction prices difficult to establish. The commercial effect of the proposed change will depend on the scale of capital expenditure, continuity of hotel operations and the ability of the new brand to replace demand generated through IHG’s reservation and loyalty network.
The hotel forms part of a broader mixed-use model in which international hospitality operators support hotel activity, residential sales, retail occupancy and visitor spending across the destination. Kerzner’s presence in both Porto Montenegro and Portonovi places the operator within two major high-end coastal developments in Montenegro. The future hotel name, formal transition date and complete renovation programme have not been disclosed. Until formal confirmation is issued, the property continues to operate publicly as Regent Porto Montenegro.
