Peter Munk

The July 13th base is one of the dozens of disused army facilities dotted across Montenegro. Of 92 military-owned buildings in the country, only 27 are in use, the ministry of defense told BIRN. Efforts to find investors for them have been hit-and-miss at best.

The management of Porto Montenegro and the Investment Corporation of Dubai, ICD, which is controlled by the Emirati government, are expected to officially announce the unexpected sale of the superyacht marina on Friday.

Adriatic Marines, which manages the marina, would not comment on the sale, which has been widely rumoured over the past two days in the Montenegrin media. 

"Montenegro is poised to become a world-class luxury travel destination thanks to its 180-mile-plus coastline and rugged interior dotted with river canyons, glacial lakes and two UNESCO World Heritage Sites," ForbesLife reported.

A new luxury five-star hotel, the Regent Porto Montenegro, opened on Wednesday in the coastal town of Tivat - part of a drive by Montenegro to boost its appeal to high-end tourists.

A glamorous party hosted by the owner of the marina, Canadian businessman Peter Munk, celebrated the opening of the country's fifth five-star hotel.

The new five-star hotel, Regent Porto Montenegro, is due to open on Friday in the coastal town of Tivat as the country seeks to attract more wealthy tourists.

The hotel, situated at the centre of the Porto Montenegro marina at a former naval base in Boka Bay, is managed by Taiwanese company Regent, which runs a chain of hotels around the world.