Miami, FL, March 1, 2021 – Interval International, a prominent worldwide provider of vacation services, announced the addition of Green Coast Resort and Residences in Palasa, Albania, to its global vacation network. Situated within a multimillion-dollar mixed-use beachfront property on the southwestern Albanian coastline, across from the Italian peninsula in the heart of the Mediterranean,
the luxury condo-hotel soft opened in 2019. The final phase of the project is anticipated to be completed in 2022.
Green Coast Resort and Residences is the latest venture by the Balfin Group, one of Albania’s largest privately held investment companies, known for developing expansive shopping centers, industrial parks, and upscale commercial and residential real estate developments in Albania and Austria. Darren Ettridge, Interval’s senior vice president of resort sales and business development for Europe, Middle East, Africa, and Asia, noted, “The group has made a significant investment in this superb project, which is located in an emerging tourism destination and designed to appeal to the discerning buyer. We are delighted to welcome it to Interval’s network.”
Overlooking a spectacular bay on the Albanian Riviera, the completed resort will be comprised of 450 one-, two-, three-, and four-bedroom villas and apartments with spacious open-plan living and dining areas, fully equipped gourmet kitchens, private pools, and furnished patios or terraces. Units feature a serene color palette, plush furnishings, bathrooms with modern fixtures, and scenic sea or mountain views. The beachfront promenade is anticipated to include bars and restaurants, a grocery store, and a sports center offering numerous water sports activities, and more.
“The Balfin Group has a proven track record of delivering top-quality projects. We are enthusiastic about this large-scale 100-acre project, which was built fully respecting the eco-system, culture, and history of Palasa,” said Ledia Telhai, CEO of Balfin Real Estate & Hospitality, the resort’s management company. “The affiliation with Interval is the perfect complement to what we offer. Our owners will greatly appreciate the global exchange options, leisure programs and benefits, and excellent customer service.”