Courtyard by Marriott

Courtyard by Marriott Sarajevo was opened on 15 July 2015, and is located in the very center of Sarajevo, at No. 1 Skenderija Street.

Courtyard by Marriott Sarajevo was opened on 15 July 2015, and is located in the very center of Sarajevo, at No. 1 Skenderija Street.

LAKE d.o.o. is both the investor and the main developer of the Project. Using its own capacities, LAKE conducted the following project activities:

  • proprietary and legal relationships
  • project management
  • supervision of the construction works

This quite a demanding project has extended the experience of LAKE d.o.o. in project development, in accordance with the established strict standards of the brand. Throughout the process, the LAKE made an effort to engage as many domestic partners and suppliers as possible, eventually having 130 business partners from BiH and the region.

"Throughout the entire project development, we have found it quite significant that the work with this hotel brand helped our business partners enhance their references, which enables them to work in similar projects in future." N.B.

LAKE concluded a franchise agreement with Marriot for the Courtyard by Marriott; it built and equipped the hotel in accordance with strictly defined standards, and hired the Interstate Hotels and Resorts Company to manage the hotel due to its broad experience which a franchise requires.

"Marriott is extremely happy for the fact that it established itself and signed a new project in the region, which is its second project in Bosnia and Herzegovina. We are aware of the importance of having this brand represented as the firstinternational hotel company in our market. For more than five years we have been searching for a partner in our efforts to start the project in BiH, and we are pleased to have found LAKE as a corporation that meets all our criteria. It is our great pleasure and joy to sign our first project with this partner, hoping that it is just the beginning of a lasting cooperation as in other countries of the region." – said Ivica Čačić, Regional Vice President Eastern Europe and the CIS Marriott International, Inc..

Capacity of the building:

  • 130 rooms (103 king rooms, 27 twin soba), 2 apartments
  • 1 conference room – 80 seats
  • 1 meeting room – 20 seats
  • 1 business lounge room–20 seats
  • Additional facilities: restaurant, cafe bar, sky bar, fitness room
  • Underground parking lot – 30 parking places

60 new jobs have been created and 150 indirectly hired.

The hotel offers everything needed for a comfortable stay of our clients who visit Sarajevo for business purposes, whereas the close vicinity of diplomatic and consular offices, administrative and cultural institutions in the Skenderija neighborhood, as well as the proximity of entertainment facilities in the downtown area, makes it an attractive and safe location for our guests.

During both the designing and the construction stage, an emphasis was laid on achieving the maximum energy efficiency by reducing the exploitation of energy-generating products and decreasing the pollution rate.

Through its business operations, LAKE doo pursues an outermost humane exploitation of resources, both in the construction process by using adequate methods of design and installation of high-quality materials, and throughout the life span of its buildings, whereby the consumption has reduced significantly.

Hotel Courtyard by Marriott Sarajevo

Value of the investment:
12 mio EUR

Period of construction:
January 2014 – July 2015

LAKE d.o.o.

LAKE’s engagement in the Project:
Dealing with proprietary and legal relationships, financial monitoring, project management, construction site management, supervision of the construction works, channeling and implementation of the brand’s standards, contracting, and procurement