Palasë, Albania – 7  August 2026

Green Coast, Albania’s flagship coastal destination, has entered into a strategic partnership with Nammos Hotels and Resorts, the internationally recognised Mediterranean lifestyle brand, to develop a Nammos-branded hospitality and residential offering within the Green Coast development in Palasa. The announcement marks the first Nammos presence in Albania and further cements the Albanian Riviera’s growing status as a destination of choice for premium international brands.

The partnership brings together two organisations with a shared commitment to quality, place-making, and the long-term development of the Mediterranean lifestyle experience. Green Coast has established itself as the benchmark for integrated coastal living in Albania, combining residential communities, hospitality, retail, and leisure within a carefully planned environment on the Ionian coast. Nammos, originating in Mykonos, has evolved into a global lifestyle platform, encompassing hotels, branded residences, signature dining, retail, and wellness, with a presence in Mykonos, Dubai, Cannes, Sardinia, London, and Limassol. This puts Albania as the seventh country in the world NAMMOS choose to be.

The planned Nammos-branded destination within Green Coast will include a boutique hotel with approximately 29-keys, 12 branded residences, a signature Nammos restaurant, additional food and beverage concepts, and a curated retail offering, all operating under a long-term agreement. The development will be designed and operated in accordance with Nammos Resort and Residences brand standards, creating a cohesive lifestyle destination that reflects both the global identity of the Nammos brand and the distinct natural character of the Albanian Riviera.

Samir Mane, President of Balfin Group

“This partnership represents a significant milestone in the evolution of Green Coast. By combining our long-term destination vision with Nammos’ globally recognized lifestyle and hospitality expertise, we aim to create a distinctive offering that will further strengthen the international appeal of the Albanian Riviera. Together, we are creating a destination that reflects the growing maturity and ambition of Albania’s tourism and hospitality sector.” said, Samir Mane, President of Balfin Group.

For Nammos Resort and Residences, the partnership offers an opportunity to expand into a destination with exceptional natural assets, growing international recognition, and strong long-term potential. Green Coast’s scale and infrastructure, developed through an investment of beyond €1 billion, provides the foundation for a Nammos presence that is integrated, sustainable, and designed to deliver lasting value for guests, residents, and investors alike.

Petros Stathis, Chairman of Nammos, said: “We are proud to partner with BALFIN Group on this exciting development in one of the Mediterranean’s fastest-growing destinations. Nammos Resort Albania will bring an exclusive ultra-luxury hospitality experience to the Albanian Riviera and set a new benchmark for the region.”

The announcement reflects the continued confidence of international hospitality and lifestyle brands in Albania’s tourism sector and is expected to contribute further to the positioning of the Albanian Riviera as a leading Mediterranean destination for tourism, premium residential living, and long-term investment.