Hotel Yugoslavia, one of the finest examples of New Belgrade’s modern architecture, awaits reconstruction to return its former splendour. Reconstruction of the hotel is worth between EUR 120 and 150 millions, after which it will become part of the “Kempinski” hotel chain. Beside the complete renovation of the hotel capacities, construction of a trade centre with an apartment-office 33-story tower is also planned.

If the necessary permits are obtained in the first quarter of 2011, it is expected that the new Hotel Yugoslavia complex will be operational by 2013. As it was announced beforehand, the reconstruction was supposed to be completed by 2011, but the permits are still withheld.

The new Hotel Yugoslavia will have 258 rooms, instead the present 500, meaning that the capacity will be cut by half on account of quality. The rooms will be of at least 40 square metres, and apartments will take up from 85 to 170, i.e. 260 sq.m. for the presidential suite.

The “Kempinski” hotel chain is the owner operating an international portfolio made up of 62 hotels. There are nine hotels only in Europe which are listed among prestigious leading hotels in the world. Hotel Yugoslavia will regain its former splendour, and Belgrade will rank shoulder to shoulder with world capital cities.