Vlora Marina Albanias key tourism project between two seas

The mixed-use complex features premium apartments boasting exclusive sea views, 4 and 5-star branded hotels, and a promenade with various facilities. The project attracts keen interest from Italy, Switzerland, Germany, and Sweden, along with neighboring North Macedonia and Kosovo. Prospective buyers view it as a secure investment, given the surge in tourism along Albania’s coastline in recent years.

Projections indicate that Vlora Marina will attract over 200,000 foreign tourists yearly, solidifying its position as an elite international destination.

“Vlora Marina, strategically located in the centre of Vlora with a state-of-the-art marina, will become a premium tourist destination. This investment is set to elevate Vlora into a leading Mediterranean city and a trailblazer in Albania’s blue economy,” said Ardiana Sokoli, Vice President for Real Estate at Balfin Group.

Vlora Marina, a truly unique project, has been brought to life by the prestigious Belgian design studio, XDGA – Xaveer De Geyter Architects. Its director, Xaveer De Geyter, explains what makes Vlora Marina stand out:

“Density defines it, resulting in a truly vibrant urban environment. The unusual building form is inspired by the city and waterfront, resulting in a tiered design with ample outdoor space for each apartment. We are confident that with all its elements, this project will transform the entire city of Vlora.”

An attractive investment for the Marriott network

Vlora Marina’s promise and BALFIN’s reputation attracted global giant Marriott to join in. This partnership, sealed with a 100 million euro investment, introduces a revolutionary concept: branded apartments, a pioneering venture not only in the country and the region, but worldwide.

“This is a concept we are introducing for the first time in Albania, and we are very proud of it,” said Silvija Lovreta, Director for Southeastern Europe, Marriott International, during the signing ceremony. Julien Laloye, Director of Mixed-Use Development at Marriott International, believes that “our first project in Albania concerning branded residences will be a real success.”

For Ardiana Sokoli, the introduction of branded apartment concepts is something new not only for Albania but also for the region. She explains, “This is a new concept, both in Albania and the region, and furthermore, it’s a global novelty.”

First yacht mooring anticipated soon

The project, featuring residences, branded hotels, a marina with 438 mooring spots, a promenade, and green areas, is set to transform the city into a premium leisure destination. The marina expects to welcome its first yachts very soon.

“Phase one is slated for completion by November 2023, ensuring readiness for next year’s yacht season. Additionally, the marina will be managed by a globally esteemed company, ranked among the top 5 elite operators,” noted Ervin Bacaj, Project Manager of Vlora Marina.