ACCOR and BALFIN Group partners in the opening of the first "MGallery boutique hotel" in the Albanian Riviera!

Accor, one of the leading names and hotel chains in the world and Green Coast Hotel Sh.p.k. are pleased to announce the launch of cooperation for the development of the first MGallery hotel in the country. The 112-room hotel located in Palasë, Vlora will welcome the first visitors in April 2024 and will mark an important moment for the Albanian tourism industry.

Accor strengthens its portfolio in Southeast Europe by introducing its name more and more in these countries, which show a lot of interest in international tourism. Accor has signed an exclusivity agreement with Green Coast Hotel Sh.p.k., part of BALFIN Group, the most important investment group in Albania and the Balkans. The project will be an unprecedented development in the tourism industry in Albania and will put Albania on the map of the international tourism industry. A unique MGallery Boutique hotel, the first on the Ionian coast in the Mediterranean, will offer 112 luxurious rooms and suites, where local tradition combined with modernity and contemporary aesthetics will stand out. Bars and restaurants, SPA and private beach will create an exclusive premium destination for all visitors.

Albania is a hidden gem in the Balkan region with stunning, picturesque destinations, a truly fascinating country. Therefore we are happy to bring the Accor brand to the country, wishing that more tourists can discover the beauties of Albania. The MGallery Boutique collection is a key point for presenting local culture, tradition and history in a luxurious setting. We believe that the first MGallery hotel in Albania will win the hearts of its visitors, thanks to the atmosphere and location, which make it an ideal place for holidays - says Dilek Sezer, Director of Development, Accor - Southeast Europe.

A very prestigious architectural studio from Belgium has been selected for the conception of the hotel. The hotel is expected to start construction during the last quarter of 2021.

Green Coast MGallery will offer a variety of spaces for visitors, such as a restaurant, lobby with exclusive views of the surrounding nature, executive club lounge, VIP club, banquet and conference hall, swimming pool as well as dedicated space in the beach area.

The hotel is expected to be a new international destination where culture, art, history can be "touched" and where impressive experiences will be experienced.

Albania has been visited by over 8 million tourists over the last two years and the country is showing a high demand for quality and premium accommodation services.

This agreement envisages a big step forward for the tourism industry in our country. Finally, we are competing as a premium destination in the Mediterranean through Green Coast Resort & Residences that is already complete with a gem, like Mgallery Hotel. We, as part of the BALFIN Group, are proud of our efforts and contribution to the development of the tourism industry and the country's economy - says Ardiana Sokoli, Vice President for Real Estate, BALFIN Group.

MGallery Hotel Collection, includes boutique hotels, each with its own original style and unique story to tell. Each destination offers an extraordinary experience inspired by the traditions of the surrounding area, creating unforgettable moments that inspire eternal memories. Today, MGallery owns more than 100 Boutique hotels, enabling visitors to discover more than 30 destinations worldwide. In the city centre, along the coast, set in nature or spaces with extraordinary views, the hotels of the MGallery Collection invite every visitor to explore the world and its splendours.

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ABOUT ACCOR

Accor is one of the world's leading hotel groups, consisting of more than 5,000 properties and 10,000 service units in 110 states. The group has one of the most diverse and fully integrated hotel collections in the tourism industry, which includes luxury and premium brands, mid-range and economy brands, distinctive lifestyles, entertainment and nightlife venues, restaurants and bars, private residences, shared accommodation properties, collaboration spaces and more. Accor also boasts an unrivalled portfolio of prominent brands and with approximately 300,000 staff members worldwide. Over 65 million members benefit from the all-inclusive ALL - Accor Live Limitless's comprehensive loyalty program - a daily travel companion that provides access to a wide variety of services and experiences. For more information visit group.accor.com or follow Accor on Twitter, Facebook, LinkedIn and Instagram.

ABOUT BALFIN GROUP

BALFIN Group is one of the most important and successful investment groups in the Western Balkans region, present in the development and management of the real estate, retail, mining industry, banking system, tourism, energy, logistics, etc. BALFIN Group is present in Austria, Albania, Kosovo, Bosnia and Herzegovina, Northern Macedonia, Montenegro and the Netherlands. In the group activity, the international partnership has always had a great focus since its inception. The group and its companies are constantly striving for innovation and excellence in all areas and industries where it operates. Today there are around 6,000 people employed as part of the Group. BALFIN is constantly growing and aims the sustainable and long-term improvement of communities through economic development,

Green Coast Hotel is part of BALFIN Group.