▁the ▁Com merce ▁Court ▁of ▁Pod gor ica . ▁▁ ▁The ▁hotel ▁is ▁considered ▁a ▁vital ▁property ▁as ▁part ▁of ▁national ▁economic ▁development . ▁ ▁As ▁part ▁of ▁its ▁ac quisition ▁of ▁the ▁resort ▁facility , ▁H use in ▁B ec ov ic ▁through ▁his ▁B ec ov ic ▁Management ▁Group , ▁agreed ▁to ▁invest ▁court - st ip ulated ▁funds , ▁to ▁renov ate ▁the ▁property , ▁in ▁order ▁to ▁return ▁it ▁to ▁its ▁status ▁as ▁a ▁popular ▁destination ▁resort ▁on ▁the ▁Adri atic ▁Coast . ▁ ▁The ▁Fac ility ▁had ▁been ▁a ▁resort ▁and ▁hospital ity ▁asset ▁of ▁Ul cin j - based ▁hotel - t our ist ▁company , ▁Ul cin j ska ▁Riv ij era . ▁According ▁to ▁the ▁P urchase ▁Ag re ement , ▁B M G ' s ▁required ▁to ▁invest ▁no ▁less ▁than ▁ 6 , 1 5 0 , 0 0 0 . 0 0 ▁Eu ros ▁in ▁the ▁renov ation ▁of ▁the ▁Property , ▁within ▁a ▁three - year ▁period . ▁B M G ▁purchased ▁the ▁property ▁through ▁a ▁contract ▁executed ▁in ▁Ul cin j ; ▁specifically ▁Sales ▁Ag re ement ▁Number ▁ 1 1 7 1 ▁dated ▁July ▁ 2 5 , ▁ 2 0 0 5 . ▁ ▁The ▁New ▁York ▁Times ▁c ited ▁Hotel ▁Mediter an ▁of ▁Ul cin j , ▁along ▁with ▁Ada ▁Bo j ana ▁and ▁Vel ika ▁Pla za ▁of ▁the ▁Ul cin j ▁South ▁Coast ▁of ▁Mont en eg ro , ▁as ▁among ▁" The ▁Top ▁Places