The Hotel Mediteran Ulcinj, located in the coastal town of Ulcinj in Montenegro, is one of the first privatization deals completed by the new nation of Montenegro. The hotel was acquired by in July 2005 through the Commerce Court of Podgorica. The hotel is considered a vital property as part of national economic development. As part of its acquisition of the resort facility, Husein Becovic through his Becovic Management Group, agreed to invest court-stipulated funds, to renovate the property, in order to return it to its status as a popular destination resort on the Adriatic Coast.