Azerbaijani Azmont Investments company has appointed Massimiliano Zanardi director general in One & Only Portonovi hotel in Montenegro.

Zanardi, having 20-year-experience in the hotel business, will be responsible for hotel operations and team building.

Michael Posch has been appointed director general of the management company of Portonovi resort. Posch has 24-year-experience in the hotel business. Posch will be responsible for the preparation and implementation of operational strategy, team building and management of all the resort activity.

Portonovi resort is one of the largest projects in the territory of Montenegro. The complex will have a hotel, a spa, a port for super-yachts, residences, villas and houses, shops and restaurants. The resort is expected to be commissioned in 2017. The project cost exceeds $ 500 million.

Azerbaijani investors founded Azmont Bank to finance the project. Azmont Bank received a license from the Central Bank of Montenegro April 8.

Azmont Investments' parent company is Azerbaijan Global Investments (AGI). AGI's shareholders are PASHA Development, AtaHolding and Synergy Group.

Source: Trend