Banyan Group expands its European portfolio with the acquisition of Mamula Island in Montenegro, set to enhance its luxury offerings starting in the 2025 season.
Information on the Target
Banyan Group has made a significant addition to its European portfolio with the acquisition of Mamula Island by Banyan Tree, a private island resort located in Montenegro’s UNESCO World Heritage Site of Boka Bay. This exclusive retreat, formerly known simply as Mamula Island, is set to welcome guests for the 2025 season while preparations for a complete reimagination of the property are underway for 2026, aimed at integrating Banyan Tree's signature experiences.
The transformation of Mamula Island is particularly meaningful for Samih Sawiris, whose family's long-term commitment to Montenegro is exemplified through this venture. As a key component of their investment strategy alongside Luštica Bay, Mamula Island is envisioned as a paragon of sustainable tourism and luxury hospitality within the region.
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Industry Overview in Montenegro
Montenegro's tourism sector has shown robust growth in recent years, becoming increasingly attractive to international travelers. The country's rich cultural heritage, coupled with its stunning landscapes, makes it a prime de
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