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Volume 44 / Summer-Autumn 2026

COLLECTION THE DEFINITIVE LIFESTYLE MAGAZINE

DISCOVER THE REGION’S FINEST / MONTENEGRO / SERBIA / CROATIA / BOSNIA & HERZEGOVINA SLOVENIA / ALBANIA / AUSTRIA / HUNGARY / ROMANIA

Luštica Bay

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LIFE AMONG THE FAIRWAYS

Exclusive Interviews with Global Visionaries Samih Sawiris (Orascom Development), Ho Kwon Ping & Claire Chiang (Banyan Group)

Monte Mulini and Riva: A New Chapter of Mediterranean Luxury in Rovinj

Investment opportunity with a dream view RIVIERA MONTENEGRO SWISSÔTEL

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Your life by the sea More than a seasonal resort, Baks Bay is a coastal community designed for everyday life by the Adriatic. Here, the beach, nature, services, leisure, and hospitality come together in one complete destination, made for families, residents, guests, and investors throughout the year.

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IMPRE N 44 SSUM O

THE COLLECTION EDITING AND PUBLISHING The Collection d.o.o. Podgorica Vladike Visariona Borilovića 21/a 81000 Podgorica sales@theluxurycollection.me EDITOR-IN-CHIEF Miodrag Spahić DESIGN, PREPRESS DesignBox.me

TEXTS George Roberts, Miodrag Spahić, Ana Milojević, Zina Pusep ART DIRECTOR Jadranka Simonović TECHNICAL EDITOR Dolores Ilić PHOTO The copyright of all images used in The Collection are reserved by the magazine or advertiser's and may not not be used without prior consent of the image owner. COVER PAGE Cover image: Luštica Bay (The Peaks), Montenegro Luštica Bay unfolds across the coast as a collection of four neighbourhoods. While all are connected as one community, each has its own atmosphere and offering. The Peaks with its quiet golf-side homes, Horizon’s private sanctuary with wide sea views, Centrale’s lively urban streets, and Marina Village’s waterside promenade. ADVERTISING SALES Miodrag Spahić +382 67 305 035 sales@theluxurycollection.me Ana Milojević + 382 67 164 488 anakv@thecollectionmags.com Zina Pusep zina@thecollectionmags.com DIGITAL OPERATIONS Zina Pusep zina@thecollectionmags.com TRANSLATORS George Roberts PROOFREADERS George Roberts PRINTING BY DPC - Grafotisak, Grude COPIES 9.000 By decision of the Ministry of Culture and Media of Montenegro, the newspaper was entered in the Media Registry under No. 037. CIP - Cataloging in Publication Central National Library of Montenegro, Cetinje 338 . 48 (497 . 16) (05) The Collection Miodrag Spahić . - Vol. 44 (2026) - . - Podgorica FOUNDERS Rade Ljumović, Kieran Kelleher www.thecollectionmags.com/ownership Quarterly. - Texts in English ISSN 1800-9077 = The Collection, Montenegro (Podgorica) COBISS.CG-ID 18421264

www.thecollectionmags.com All material is copyright, and all rights are reserved, and no parts of this publication may be reproduced in whole or in part without the written permission of the publisher. Opinions expressed are those of the authors and can not be related to publisher. The publisher does not accept responsibility for advertising content.

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Courtesy of Mamula Island by Banyan Tree

is the pearl.

PREMIUM SEAFOOD & DELICACIES.

If Boka is the seashell,

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COVER STORY

A coastal golf oasis between the Adriatic and the Bay of Kotor AS MONTENEGRO’S COASTAL PROPERTY MARKET CONTINUES TO RISE, A NEW RESIDENTIAL COLLECTION BLOOMS WITHIN THE JEWEL OF LUŠTICA BAY.

MONTENEGRO

The first thing you notice about Luštica Bay’s new residential collection is the sheer colour of it all.

orning light moves through silver-leafed trees, stone pathways draw the eye towards shaded corners and water features abound. The open Adriatic glimmers on one side of the ridge, the UNESCO-protected Boka Bay on the other, while the golf course’s manicured fairways give way to olive groves, native planting and pockets of cool shade. Set within this landscape at The Peaks - Luštica Bay’s elevated golf neighbourhood - a limited release of apartments and penthouses is emerging, all within walking distance of The ClubHouse and the town’s year-round social and cultural energy.

Set within this landscape at The Peaks - Luštica Bay’s elevated golf neighbourhood - a limited release of apartments and penthouses is emerging, all within walking distance of The ClubHouse and the town’s year-round social and cultural energy.

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THE GREEN OASIS BETWEEN TWO BLUES

Positioned at the entrance to Montenegro’s first 18-hole championship golf course, the residences unfold against a backdrop of privacy, greenery and wide sea views. Woven into the heart of the scenery is the largest swimming pool in Luštica Bay - a sweeping 400 sqm setting framed by a two-level deck offering both open sun and shaded retreat beneath the canopy. Nearby, a more secluded pool provides moments of solitude, while a traditional Montenegrin guvno gathering space roots the contemporary surroundings in local heritage. The feeling is one of abundant calm.

Across three horizontally scaled wings, 48 residences open directly onto gardens, private yards and the golf course. Of these, only 18 residences are currently offered, including 1-3 bedroom apartments that start from €665,000 and include private garage parking. Ground-floor homes extend naturally into private garden yards that feel more like outdoor living rooms, while upper-floor residences enjoy dual-aspect perspectives that capture both the Adriatic Sea and the dramatic silhouettes of Boka Bay. At the top of the collection sit two penthouses with expansive terraces and the option for private plunge pools.

AT HOME WITH ONE’S SURROUNDINGS

Inside, the residences reflect the same understated elegance that shapes Luštica Bay as a whole. Imagined by acclaimed studios, the architecture draws on Mediterranean influences and Montenegro’s coastal heritage, with locally sourced stone and natural wood bringing warmth and texture throughout. Open-plan interiors draw in natural light throughout the day, while soft neutral palettes set off the colours of the surrounding peninsula. Fitted furniture and wardrobes are included as standard, with additional curated furniture packages also available. Kitchens feature custom Nolte cabinetry and integrated Miele appliances, with Poliform or similar high-quality kitchens available as an upgrade. Bathrooms offer underfloor heating and walk-in showers, while utility rooms and integrated storage provide practical ease for everyday living.

Open-plan interiors draw in natural light throughout the day, while soft neutral palettes set off the colours of the surrounding peninsula. Fitted furniture and wardrobes are included as standard, with additional curated furniture packages also available.

MONTENEGRO

Designed by Gary Player, the upcoming 18-hole championship course is expected to become one of Europe’s most visually striking golf retreats, joining a rare group of courses worldwide where every hole comes with sea views. The course itself is progressing in phases. Three holes are already playable, nine holes are expected around the turn of the year, and the full championship course is scheduled for completion between 2028 and 2029.

LIFE BESIDE THE REGION’S FIRST FAIRWAYS

The Peaks has established itself as one of the Adriatic’s most distinctive residential settings - a neighbourhood of championship golf, panoramic scenery, and Mediterranean living. Designed by Gary Player, the upcoming 18-hole championship course is expected to become one of Europe’s most visually striking golf retreats, joining a rare group of courses worldwide where every hole comes with sea views. The course itself is progressing in phases. Three holes are already playable, nine holes are expected around the turn of the year, and the full championship course is scheduled for completion between 2028 and 2029. Residents are moments from The ClubHouse where days begin with coffee overlooking the greens and evenings start with sundowners on the terrace. A golf simulator, pro shop and practice facilities already form part of daily life, while future phases will bring a second clubhouse and boutique hotel in 2029, followed by a dedicated golf hotel as the neighbourhood matures. Yet the fairways are only part of the story here.

DAYS OF SIMPLICITY ABOUND ACROSS LUŠTICA BAY

Five beaches, a marina promenade, cafés, restaurants, wellness facilities, sports courts and a growing cultural calendar have shaped Luštica Bay into a vibrant coastal town. More than 700 families from over 50 countries now call it home, their mornings spent swimming,

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playing padel, or picking up fresh bread from the bakery in Centrale. Afternoons sway between the sea and the hills, while nights stretch long into indigo twilight beneath pergolas scented with rosemary. To date, €775 million has been invested into Luštica Bay. This will reach €1.5 billion by 2033, at which point the town will host 6,000 residents, seven hotels, two marinas, an international school, and an extensive network of spaces for entertainment and enrichment. Within this development, the long-term vision remains rooted in preservation. More than 90% of Luštica Bay’s 690-hectare peninsula will remain untouched, protecting the wild beauty that first drew people here.

MONTENEGRO’S RISE AND RISE

As buyers increasingly look beyond Europe’s saturated coastal markets, Montenegro has surfaced as one of the continent’s most intriguing investment prospects. Less than three hours from most major European capitals, and positioned at the crossroads of the Adriatic and wider Mediterranean, the country combines natural beauty with a favourable tax environment, growing international connectivity, and accelerating capital appreciation. While established destinations such as the French Riviera, the Balearics and parts of coastal Italy demand peak pricing, Montenegro still offers significant room for upward movement. Luštica Bay itself has already demonstrated strong capital performance, with average annual property growth reaching 13% in recent years.

Further uplift is anticipated as The Peaks golf course nears completion and the wider town continues to mature. This is reinforced by Montenegro’s advancing path towards European Union membership. As one of the region’s leading EU candidate countries, continued alignment with European standards and infrastructure is strengthening international confidence and fuelling long-term investment.

THE VALUE OF LIFE

Property ownership at Luštica Bay is also structured with financial opportunity in mind. Buyers benefit from 0% property transfer tax when purchasing directly from the developer, while interest-free payment plans extend for two years after the handover of keys. This allows owners to move in, or

begin generating income through Luštica Bay’s rental programme, while still making payments. Yet the true value of life at The Peaks lies beyond the practicalities of ownership. It’s found in the stillness of early mornings overlooking the bay. In afternoons spent between fairways, gardens and the sea. And in long lunches that drift into peach-hued sunsets and star-filled evenings. In the words of Gary Player, “If I had to have a house or villa on any golf course, this would be my place.” At The Peaks, that is a place that invites you to live a little slower, breathe a little deeper, and return to the simple pleasures that bring you to life.

To date, €775 million has been invested into Luštica Bay. This will reach €1.5 billion by 2033, at which point the town will host 6,000 residents, seven hotels, two marinas, an international school, and an extensive network of spaces for entertainment and enrichment.

W: www.lusticabay.com E: sales@lusticabay.com T: +382 67 050 550

MONTENEGRO

Life among the fairways

t the Peaks, the world is beautifully distant yet entirely present too. The day’s first hours are always quiet and spent doing very little at all. Then, stepping from our front door, we follow the footprints of Montenegro’s

only golf course as it flows across the hillside. A pre-lunch round always takes longer than expected. We pause often to take in the incredible views. By mid-afternoon, glasses are raised to every little triumph and the simple pleasure of having nowhere else to be.

A rare opportunity to own at The Peaks.

Begin your time here at lusticabay.com or contact the team on sales@lusticabay.com or +382 67 050 550

Pura Vida Beach

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32 COVER STORY LUŠTICA BAY A COASTAL GOLF OASIS BETWEEN THE ADRIATIC AND THE BAY OF KOTOR

CONTENTS BANYAN TREE: LUXURY TODAY IS ABOUT EXPERIENCES, NOT CRYSTAL CHANDELIERS

WINE, DINE & ACCOMMODATION

MÖVENPICK HOTEL & RESIDENCES TEUTA KOTOR BAYTHE RETURN OF RISAN

THE RETURN OF AMAN SVETI STEFAN

108

WINE, DINE & ACCOMMODATION INTERVIEW WITH SAMIH SAWIRIS: HERITAGE SURVIVES ONLY WHEN IT HAS A FUTURE

118 TRAVEL & DESTINATIONS PORTONOVI, A PLACE TO BELONG

TRAVEL & DESTINATIONS WINE, DINE & ACCOMMODATION KOTOR CABLE CAR UP FOR A DIFFERENT KIND OF DAY

128

TRAVEL & DESTINATIONS

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MONTE MULINI AND RIVA: A NEW CHAPTER OF MEDITERRANEAN LUXURY IN ROVINJ

138

TRAVEL & DESTINATIONS INTERCONTINENTAL LJUBLJANA LEADING WITH PURPOSE: SHAPING THE FUTURE OF LUXURY HOSPITALITY IN SLOVENIA

Beautiful sound

CONTENTS

150

THE RETURN OF GOLD & STEEL: BVLGARI’S AVANT-GARDE LANGUAGE

TRAVEL & DESTINATIONS

172

LIFESTYLE, ART & EDUCATION

166

IMPRESSIVE CROATIAN HOTELS

TECHNOGYM REFORM: DESIGN AND PERFORMANCE REVOLUTIONIZE PILATES

LIFESTYLE, ART & EDUCATION

182 192

SAVILLS AI IS SET TO TRANSFORM HOW WE LIVE AND WORK. WHAT DOES THIS MEAN FOR REAL ESTATE?

204 DATA STO RY

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LIFESTYLE, ART & EDUCATION REAL ESTATE & INVESTMENTS

H-FARM INTERNATIONAL SCHOOL VENICE BORN TO INNOVATE. BUILT TO INSPIRE.

REAL ESTATE & INVESTMENTS

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COASTLINE VILLAS BY CHRISTIE’S INTERNATIONAL REAL ESTATE MONTENEGRO

DATA STORY

AI IS SET TO TRANSFORM HOW WE LIVE AND WORK. WHAT DOES THIS MEAN FOR REAL ESTATE? WEDDINGS

Paul Tostevin Director, World Research

A SPECIAL EDITION DEDICTED TO THE WORLD OF WEDDINGS

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PORTO MONTENEGRO PREMIUM SHOPPING DESTINATION

Connor Chilton Associate, World Research

158

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FASHION FEATURE

EDITOR’S let ter

Dear Readers,

elcome to the 44th edition of The Collection. Every magazine reflects a particular moment in time. Some editions are defined by landmark announcements, major hotel openings or record investment. Others invite us to pause, reflect and look beyond today's headlines. This edition belongs firmly to the latter. Across the following pages, we look beyond bricks and mortar to explore the people, ideas and vision shaping the future of the Adriatic. It is a story of long-term thinking, international collaboration and quiet confidence in one of Europe's most compelling regions. We are privileged to feature two exclusive interviews with globally respected industry leaders whose influence extends far beyond our shores. Samih Sawiris, founder of Orascom Development, shares his perspective on sustainable destination creation, responsible tourism and Montenegro's long-term potential. We are equally honoured to speak with Banyan Group founders Ho Kwon Ping and Claire Chiang, whose philosophy has helped redefine luxury hospitality around the world. Their decision to introduce Banyan Tree to Europe through Mamula Island reflects a growing international belief in the future of the Adriatic.

This edition also marks an exciting period for regional hospitality. We warmly welcome Mövenpick Hotel & Residences Teuta Kotor Bay and the arrival of Nammos Hotels & Resorts, both strengthening Montenegro's luxury offering. Alongside Aman, One&Only, Banyan Tree, Regent, The Chedi, Hyatt Regency, Hilton and many other internationally recognised names, the country now possesses one of the Mediterranean's most impressive collections of luxury hotel brands. Looking at this remarkable line-up, one could almost say Montenegro's five-star team is ready for the World Cup. Few announcements have been more warmly received than the return of Aman Sveti Stefan. For many international travellers, this iconic property introduced Montenegro to the world of luxury tourism. Its reopening is more than welcome news— it is a powerful statement about confidence in the country's future. Across the Adriatic, Hotel Monte Mulini in Rovinj embarks on an exciting new chapter through its partnership with the legendary Riva brand, placing one of Croatia's finest hotels alongside destinations such as Monaco, Venice and Lake Como. We also explore Impresia Hotels, a carefully curated collection celebrating Croatia's exceptional boutique hospitality, distinctive heritage and outstanding gastronomy. In Slovenia, an exclusive conversation with Duško Božić, General Manager of InterContinental Ljubljana, offers valuable insight into the country's evolving luxury hotel market and the opportunities that lie ahead. Our focus extends beyond hospitality. We visit H-FARM International School Venice, where innovation, entrepreneurship and academic excellence are preparing the next generation for an increasingly global future. We also examine Savills' latest research into artificial intelligence and the profound impact it is beginning to have on investment, logistics, data centres and the wider real estate industry. At The Collection, our purpose has always been to celebrate excellence while connecting readers with the people, places and ideas shaping the future of Southeast Europe. We hope this edition informs, inspires and perhaps even encourages you to discover something new—whether as a traveller, investor, resident or simply someone who shares our passion for this remarkable region. Thank you, as always, for your continued support. We hope you enjoy this latest edition of The Collection. Regards, Miodrag Spahić Editor-in-Chief Courtesy of Aman Sveti Stefan

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DELTA DISTRICT · BELGRADE

BELGRADE'S MOST DISTINGUISHED ADDRESS Belgrade has always known how to recognise a moment. Few cities carry the confidence of one that has watched worlds meet at its own confluence for centuries, and fewer still have translated that confidence into architecture. Most developments settle for scale. Delta District, rising from the heart of Block 20 where New Belgrade's grand boulevard opens toward the meeting of the Sava and the Danube, has been conceived for permanence: built not merely to be occupied, but to become part of the city's identity.

t the heart of the development stand two residential towers, connected directly to the new InterContinental Belgrade, where the comfort of home is matched, room for room, by the service of a worldclass hotel. A dedicated concierge is available around the clock, not simply as an amenity but as a philosophy of living. Travel is arranged, guests welcomed and the quieter details of daily life discreetly managed, returning time to residents for what truly matters. An infinity pool overlooking the city, signature dining, a private cinema and a full suite of wellness facilities are treated not as addons, but as natural extensions of home. Four towers rise from a single shared podium, forming a new landmark on New Belgrade's skyline. The two residential towers are designed around space, light and privacy in equal measure: open-plan interiors, generous ceiling heights and floor-to-ceiling glass create homes that feel calm and expansive, yet never distant from the pulse of the city beyond the window. In the morning, the view stretches toward the confluence, and the city, though already awake, appears from these heights almost unhurried - something no specification sheet has ever managed to describe. Every material has been chosen as much for its provenance as for its quality. Oak flooring is sourced from Italy's Veneto region, home to generations of refined woodworking craft; bespoke crystal by Lasvit defines the entrance lobbies; hand-selected Italian stone lends quiet character throughout the interiors. That same rigour extends to the technology within each residence, where Moorgen smart-home systems operate discreetly behind interiors signed by some of the industry's most respected names, including kitchens by Veneta Cucine and appliances by Gaggenau. The finest Italian materials complete spaces defined by technical precision, security and understated luxury. Life at Delta District extends well beyond the front door. At the heart of the development lies a carefully curated piazza spanning four thousand square metres, landscaped to the highest international horticultural standards and designed as much for daily ritual as for quiet retreat: a morning coffee, an afternoon meeting or an evening walk, each finding its own unhurried rhythm within the same shared space. Grade-A office buildings complete the wider neighbourhood, allowing business, hospitality and residential life to coexist effortlessly, each complementing rather than competing with the other.

SOME ADDRESSES ARE BUILT. OTHERS BECOME PART OF A CITY’S IDENTITY. The scale of the ambition is matched by the rigour of its execution. Delta District holds LEED Platinum and WELL certification, among the industry's most demanding benchmarks for environmental performance and wellbeing. Geothermal probes and other sustainable systems are integrated throughout the development to deliver high energy efficiency and lower long-term operating costs. The towers are already taking their place on New Belgrade's skyline, steadily becoming a recognisable landmark of the capital. The first major milestone in that vision will come with the opening of the InterContinental Belgrade in late 2026, when the development's five-star vision begins to take tangible form. Delta District is developed by Delta Real Estate, part of Delta Holding, one of Southeast Europe's leading business groups. More than thirty-five years of experience, financial strength and a long-term perspective underpin a project conceived not simply for today's market, but for Belgrade's future. Some addresses are built. Others become part of a city's identity. In Block 20, where two rivers meet and a capital continues to redefine itself, Delta District is quietly becoming one of them.

AT A GLANCE Location: Block 20, New Belgrade, at the confluence of the Sava and the Danube. Concept: four towers on a shared podium: two residential towers connected to the InterContinental Belgrade hotel, plus Grade-A office space. Piazza: four thousand square metres of privately curated public realm. Certifications: LEED Platinum and WELL. Milestone: grand opening of the InterContinental Belgrade, late 2026. Developer: Delta Real Estate, part of Delta Holding, one of Southeast Europe's leading business groups with more than thirty-five years of experience.

YOUR PRIVATE ADDRESS ON THE ADRIATIC Located just ten minutes from the iconic island of Sveti Stefan, Smokva Bay is one of Montenegro's most ambitious new coastal developments, designed to celebrate the country's extraordinary natural beauty while setting a new benchmark for luxury living on the Adriatic. Through its partnership with Nammos Hotels & Resorts, the destination will combine a luxury hotel, branded residences, signature dining, curated retail and wellness experiences in one of Europe's most captivating coastal settings. The development will feature 117 keys, including 47 hotel suites, 61 branded residences and nine branded villas, all inspired by Mediterranean elegance, contemporary Greek architecture and Montenegro's coastal heritage. At its heart, Nammos Village will create a vibrant lifestyle hub with boutique shopping, art, wellness and social experiences, complemented by a world-class spa, fitness facilities, private beach and outdoor activities. The culinary offering will include the iconic Nammos Restaurant alongside Nalu, Ilios Lounge and a rooftop pool bar overlooking the Adriatic. Ahead of the resort's opening in 2029, guests can already experience the brand through the exclusive Nammos Restaurant pop-up at Sveti Stefan during the 2026 season. Together, Smokva Bay and Nammos Resort Montenegro are set to redefine luxury hospitality on the Adriatic.

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FIND YOUR RIVIERA RHY THM. NATURALLY. OPENING SPRING 2027

SPECIAL FEATURE

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Mark Anthony Fox and Rebeca Hope, Mamula Island by Banyan Tree, Montenegro

INTERVIEW

Banyan Tree: Luxury

Today Is About Experiences, Not Crystal Chandeliers

DURING THEIR VISIT TO MONTENEGRO, MIODRAG SPAHIĆ, EDITOR-IN-CHIEF OF THE COLLECTION, SAT DOWN WITH HO KWON PING, FOUNDER AND EXECUTIVE CHAIRMAN OF BANYAN GROUP, AND CLAIRE CHIANG, CO-FOUNDER AND SENIOR VICE PRESIDENT OF BANYAN GROUP.

MONTENEGRO

Their message is clear: Montenegro is far more than a destination for yachts and cruise ships. It is one of Europe's hidden gems, uniquely positioned to redefine luxury through authentic experiences, breathtaking landscapes and a deeply rooted cultural identity.

Mark Anthony Fox and Rebeca Hope, Mamula Island by Banyan Tree, Montenegro

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As Banyan Group officially introduced its iconic Banyan Tree brand to Europe through the grand opening of Mamula Island by Banyan Tree, The Collection magazine had the privilege of speaking with the visionaries behind one of the world's most respected luxury hospitality companies.

uring their visit to Montenegro, Miodrag Spahić, Editor-in-Chief of The Collection, sat down with Ho Kwon Ping, Founder and Executive Chairman of Banyan Group, and Claire Chiang, Co-Founder and Senior Vice President of Banyan Group, for an exclusive conversation about the philosophy that has shaped the company for more than three decades, the evolution of luxury hospitality, and the qualities that make a destination truly unforgettable. Against the spectacular backdrop of the entrance to the Bay of Kotor, they shared why Mamula Island captured their imagination, why Montenegro has the potential to become one of Europe's most distinctive luxury destinations, and how authentic culture, nature, heritage and community represent the future of experiential travel. They also reflected on leadership, sustainability and the importance of protecting a brand's values in an increasingly competitive hospitality landscape. Their message is clear: Montenegro is far more than a destination for yachts and cruise ships. It is one of Europe's hidden gems, uniquely positioned to redefine luxury through authentic experiences, breathtaking landscapes and a deeply rooted cultural identity.

Q. Miodrag Spahić, Editor-in-Chief of The Collection: The Banyan Tree brand has always been associated with destinations that have a strong sense of identity and soul. In today's luxury hospitality landscape, what distinguishes a truly meaningful destination from simply a beautiful hotel? A. There are many hotels around the world that are far more luxurious than a Banyan Tree hotel if you measure luxury by room size, crystal chandeliers or lavish interiors. But today's definition of luxury has evolved. After spending time in Montenegro and learning about places such as Lake Skadar and Durmitor National Park, I believe this country has the opportunity to leapfrog the traditional definition of luxury. Modern luxury is about experiences. It's about immersing yourself in culture, nature, local communities and authentic stories. Montenegro offers all of that within an incredibly compact destination. That combination is something very few countries can offer. Q. During your visit, what impressed you most about Montenegro? A. The pride of the Montenegrin people. Over the past two days we have spoken with guides, boat captains, shop owners and local residents. Everyone shares stories about their country with genuine passion. The history, traditions and cultural heritage are deeply rooted, and that pride is contagious. As visitors, we could immediately feel that connection. It adds enormous value to the destination.

Mark Anthony Fox and Rebeca Hope, Mamula Island by Banyan Tree, Montenegro

Q. Before arriving, what image did you have of Montenegro, and how has it changed? A. Like many people around the world, we mainly associated Montenegro with luxury marinas, superyachts and cruise ships. Because Porto Montenegro, Luštica Bay, Portonovi have attracted so much international attention, many people see Montenegro simply as "the Monaco of the Balkans." After visiting, we realised that this perception tells only a small part of the story. Montenegro possesses extraordinary natural diversity, UNESCO heritage, authentic communities and remarkable history. Kotor is every bit as beautiful as Dubrovnik, while the mountains, forests, lakes and national parks create an entirely different dimension. This is the story the world should hear. Q. Luxury today is increasingly connected with wellness and longevity. How do you see Montenegro fitting into that trend? A. We don't think longevity here should be about importing famous clinics or expensive treatments. When you look at the world's Blue Zones, longevity is connected to lifestyle, movement, healthy food, strong communities and nature. Montenegro already possesses those ingredients. The mountains encourage walking and hiking. The coastline invites relaxation. The pace of life is calmer. There is fresh food, clean air and authentic local culture. The country itself can become a destination for wellbeing and longevity-not because of medical treatments, but because of the way people naturally live and experience it.

Q. What convinced Banyan Group that Montenegro and Mamula Island in particular, were the right destination for the Banyan Tree brand? A. We have always sought destinations that are truly unique for our Banyan Tree brand. Mamula Island immediately stood out because it offers something impossible to replicate elsewhere. Its history, the fortress at the entrance to Boka Bay, the extraordinary architecture and the emotional connection to the site make it unlike any other property. Equally important was Samih Sawiris' long-term vision and unwavering commitment to quality. Not every owner is prepared to invest with such patience and respect for heritage. We were also impressed that Montenegro preserves its history rather than hiding it. The museum inside the fortress acknowledges the island's past honestly. That authenticity makes the destination even stronger. To our knowledge, there is no comparable hospitality project anywhere in Europe. Q. What emotions do you hope guests will leave with after staying at Mamula Island by Banyan Tree? A. Naturally, we hope guests will discover the Banyan Tree philosophy and want to explore more of our destinations around the world. But beyond that, we hope Mamula becomes the beginning of their journey through Montenegro. We want visitors to realise that this country is much more than mega yachts and cruise ships. We hope they continue to Lake Skadar, Durmitor National Park, Perast, Kotor and beyond.

The hotel features 32 elegantly designed rooms and suites, Banyan Tree Spa, a private beach, three pools, three restaurants, and four bars. Every aspect of Mamula Island by Banyan Tree is crafted to encourage guests to relax, connect, and rejuvenate. Whether you seek tranquility or adventure, Mamula Island by Banyan Tree invites you to reconnect with what you love amidst its enchanting coastal beauty. MONTENEGRO

Mark Anthony Fox and Rebeca Hope, Mamula Island by Banyan Tree, Montenegro

"We don't think longevity here should be about importing famous clinics or expensive treatments. When you look at the world's Blue Zones, longevity is connected to lifestyle, movement, healthy food, strong communities and nature. Montenegro already possesses those ingredients. The mountains encourage walking and hiking. The coastline invites relaxation."

If Mamula inspires people to discover the rest of Montenegro, then we have achieved something meaningful.

Many companies believe building a brand is about advertising or expansion. We believe it's often about the decisions you choose not to make.

Q. Do you see opportunities for Banyan Tree in Montenegro beyond Mamula Island? A. Absolutely. After experiencing Montenegro ourselves, we believe that there are so many destinations that deserve international recognition. Imagine guests travelling through these extraordinary Banyan Tree experiences, from the Adriatic coast to the national parks discovering different landscapes, cultures and communities along the way. That is how destinations like Bhutan have successfully positioned themselves globally, and Montenegro has similar potential.

Q. How do you ensure those values remain intact as the company continues to grow? A. Values must never become negotiable. Whether it concerns sustainability, fair treatment of employees or the way we operate our hotels, we remain committed to the principles that shaped Banyan Group from the beginning. For example, we insist that service charges belong to employees. If an owner refuses to respect that principle, we are prepared to walk away from the project. The same applies to sustainability. It may not always maximise short-term profits, but it reflects who we are. Ultimately, success is not measured only by growth. It is measured by whether you remain true to your purpose.

Q. Looking back at your journey of building Banyan Group into one of the world's leading hospitality companies, what has been your greatest leadership lesson? A. Learning how to say no. When you're building a brand, there are endless opportunities to grow faster, expand into new categories or accept compromises that generate immediate revenue. The difficult part is resisting those temptations. With our Banyan Tree brand, we constantly remind ourselves: Protect the brand. If something doesn't reflect our values, we simply don't do it, even if it means slower growth.

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Q. Finally, after experiencing Montenegro firsthand, what message would you like to leave for international travellers? A. Come with an open mind. Montenegro is far more than a destination for yachts and cruise ships. It is a country where mountains meet the sea, where history lives through its people, where culture is proudly preserved and where nature remains extraordinary. Luxury today is about authentic experiences. Montenegro already has them.

Mark Anthony Fox and Rebeca Hope, Mamula Island by Banyan Tree, Montenegro

"Like many people around the world, we mainly associated Montenegro with luxury marinas, superyachts and cruise ships. Because Porto Montenegro, Luštica Bay, Portonovi have attracted so much international attention, many people see Montenegro simply as "the Monaco of the Balkans." After visiting, we realised that this perception tells only a small part of the story. Montenegro possesses extraordinary natural diversity, UNESCO heritage, authentic communities and remarkable history. Kotor is every bit as beautiful as Dubrovnik, while the mountains, forests, lakes and national parks create an entirely different dimension. This is the story the world should hear."

MONTENEGRO

Banyan Tree Lijiang

ABOUT BANYAN GROUP

Banyan Group (www.groupbanyan.com) is an independent, global hospitality company with purpose. The Group prides itself on its pioneering spirit, design-led experiences and commitment to responsible stewardship. Its extensive portfolio spans 100 hotels and resorts, more than 140 spas and galleries, and 20 plus branded residences in over 20 countries, comprising 13 global brands, including the flagship brand Banyan Tree, each distinct yet united under the experiential membership programme with Banyan. The founding ethos of “Embracing the Environment, Empowering People” is embodied through the Banyan Global Foundation and Banyan Academy. Banyan Group is committed to remaining the leading advocate of sustainable travel, with a focus on regenerative tourism and innovative programmes that elevate the guest experience.

ABOUT BANYAN TREE

Banyan Tree (www.banyantree.com) offers a sanctuary to rejuvenate the mind, body and soul in awe-inspiring locations around the globe. Rediscover the romance of travel as you journey to iconic destinations where authentic, memorable experiences await. Banyan Tree provides genuine, authentic service and a distinctive, premium retreat experience.

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ABOUT MAMULA ISLAND BY BANYAN TREE

Nestled at the entrance of Montenegro’s Bay of Kotor, a UNESCO World Heritage Site, Mamula Island by Banyan Tree is a one-of-a-kind sanctuary, set within a meticulously restored 19th-century fort. Encircled by sea and sky, with far-reaching views of Adriatic waters and wild scenery, the hotel features 32 elegantly designed rooms and suites, Banyan Tree Spa, a private beach, three pools, three restaurants, and four bars. Every aspect of Mamula Island by Banyan Tree is crafted to encourage guests to relax, connect, and rejuvenate. Whether you seek tranquility or adventure, Mamula Island by Banyan Tree invites you to reconnect with what you love amidst its enchanting coastal beauty. banyantree.com/montenegro/ mamula-island-by-banyan-tree

Banyan Group (“Banyan Tree Holdings Limited” or the “Group” - SGX: B58) is an independent, global hospitality company with purpose. The Group prides itself on its pioneering spirit, design-led experiences and commitment to responsible stewardship. Its extensive portfolio spans 100 hotels and resorts, more than 140 spas and galleries, and 20-plus branded residences in over 20 countries.

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Banyan Tree Tamouda Bay

Banyan Tree Mandai Rainforest

The Group comprises 13 global brands, including the flagship brand Banyan Tree, each distinct yet united under the experiential membership programme with Banyan. The founding ethos of “Embracing the Environment, Empowering People” is embodied through the Banyan Global Foundation and Banyan Academy. Banyan Group is committed to remaining the leading advocate of sustainable travel, with a focus on regenerative tourism and innovative programmes that elevate the guest experience.

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Aman Sveti Stefan, Montenegro – Island of Sveti Stefan @ Courtesy of Aman

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The Return Of Aman

Sveti Stefan VILLA MILOČER REOPENED ON 22 MAY, FOLLOWED BY THE REOPENING OF THE ICONIC ISLAND OF SVETI STEFAN ON 1 JULY 2026 Aman Sveti Stefan, Montenegro - Aman Spa, Relaxation Terrace @ Courtesy of Aman

MONTENEGRO

AMSS Sveti Stefan Montenegro - Cliff Pool @ Courtesy of Aman

This spring marked the long-awaited return of Aman Sveti Stefan. Villa Miločer welcomed guests from 22 May 2026, alongside the Aman Spa, Queen's Beach and King's Beach, followed by the reopening of the storied island of Sveti Stefan on 1 July 2026.

ne of Europe's last corners of untouched beauty, Montenegro is a land of rugged mountains, ancient forests and pristine lakes, along with a sun-drenched coastline of quiet coves and turquoise waters. This spring marked the long-awaited return of Aman Sveti Stefan. Villa Miločer welcomed guests from 22 May 2026, alongside the Aman Spa, Queen's Beach and King's Beach, followed by the reopening of the storied island of Sveti Stefan on 1 July 2026. Set peacefully on Montenegro's Adriatic shore, southwest of the capital city, Podgorica, Aman Sveti Stefan lies just a short drive from the ancient town of Budva and the beautiful Bay of Kotor, offering access to the region's UNESCO-protected heritage sites, authentic cultural experiences and all-encompassing adventures within one of Europe's most naturally spectacular settings. Providing the intuitive service and serene seclusion for which Aman is renowned, the resort once again offers guests the opportunity to experience both the privacy of Villa Miločer and the unique atmosphere of the fortified island village of Sveti Stefan. Throughout the season, Aman will also host a programme of pre-arranged guided tours of the island for outside guests, allowing visitors to discover one of the Adriatic's most iconic landmarks.

A STORIED ADRIATIC RETREAT

Set amid olive groves and surrounded by pine forests, Villa Miločer was once the summer residence of Queen Marija Karađorđević. The 19th-century villa occupies a privileged position on the mainland, overlooking the Adriatic Sea. Behind its grand facade, a collection of eight beautifully appointed suites awaits, alongside a light-filled living room and comprehensive library for moments of calm reflection. The dining room with its wisteria-shaded alfresco terrace serves as the villa's beating heart, where dining unfolds steps from the shore. Linked to the mainland by a narrow isthmus, the cobbled streets of Sveti Stefan echo the private island's centuries-old past. Lovingly restored with hand-rendered stucco, local stone and oak, the island's cottages and suites preserve the rustic legacy of the original village while offering contemporary comfort and exceptional sea views. Following the island's reopening on 1 July, guests will once again be able to experience its unique atmosphere, where medieval architecture unites with Aman's hallmarks of peace and privacy.

REST AND RECOUP AT AMAN SVETI STEFAN

With a long history of paving the way for wellness, the Aman Spa at Aman Sveti Stefan is no exception. Located in the idyllic private bay of Queen's Beach, moments away from Villa Miločer, the standalone building overlooks the azure Adriatic and reflects the architecture of the neighbouring royal residence.

Aman Sveti Stefan, Montenegro – Island of Sveti Stefan @ Courtesy of Aman

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Aman Sveti Stefan, Montenegro – Villa Miločer, King's Beach @ Courtesy of Aman

Aman Sveti Stefan, Montenegro - Piazza Restaurant, Terrace @ Courtesy of Aman

Aman Sveti Stefan, Montenegro - Villa Miločer, Sea View Suite @ Courtesy of Aman

Set amid olive groves and surrounded by pine forests, Villa Miločer was once the summer residence of Queen Marija Karađorđević. The 19thcentury villa occupies a privileged position on the mainland, overlooking the Adriatic Sea. Behind its grand facade, a collection of eight beautifully appointed suites awaits, alongside a light-filled living room and comprehensive library for moments of calm reflection. The dining room with its wisteria-shaded alfresco terrace serves as the villa's beating heart, where dining unfolds steps from the shore.

Aman Sveti Stefan, Montenegro - Villa Miločer, Loggia Terrace @ Courtesy of Aman

MONTENEGRO

Aman Sveti Stefan, Montenegro Aman Spa Pool @ Courtesy of Aman

Spanning nearly 2,500 square metres, the expansive spa offers four double treatment rooms, each with its own dressing room and bathroom for the utmost privacy, as well as hydrotherapy areas with steam rooms, saunas and cold-plunge pools. Using Aman Skincare products and incorporating wild Montenegrin herbs and flowers, treatments are designed to reconnect mind, body and soul. For those seeking a more hands-on approach to wellness, Aman Sveti Stefan's 140 square meters Fitness Centre features Technogym cardiovascular and weight training equipment, alongside a breathtaking 24-meter pool that spans from indoors to out.

A TRIO OF BEACHES Spanning nearly 2,500 square metres, the expansive spa offers four double treatment rooms, each with its own dressing room and bathroom for the utmost privacy, as well as hydrotherapy areas with steam rooms, saunas and cold-plunge pools. Using Aman Skincare products and incorporating wild Montenegrin herbs and flowers, treatments are designed to reconnect mind, body and soul.

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Just steps from the resort, three beaches offer access to the warm, clear waters of the Adriatic. For the summer season, the scalloped shore of Queen's Beach will remain fully private for Aman guests, curling around an emerald lagoon and considered one of Montenegro's most enchanting coastal settings. Beneath Villa Miločer, King's Beach provides a picturesque stretch of pink sand between Queen's Beach and the island and will be serviced by Aman during the season. Sveti Stefan Beach lies opposite the islet, extending north and south on either side of the isthmus and lined with sun loungers, which can also be enjoyed by guests and non-residents.

EXPERIENCES IN MONTENEGRO

Aman Sveti Stefan offers a historic base from which to uncover the cultural heritage of the region. Guests can wander the ancient pathways of neighbouring Budva Old Town, dating back to the fifth century, or venture to the UNESCO World Heritage Site of Kotor, where Baroque architecture and coastal villages reveal centuries of Adriatic history.

Those seeking a back-to-nature experience can explore the shores of Lake Skadar, the largest body of freshwater in Southern Europe. Surrounded by mountains and dotted with monasteries and fortresses, the lake is home to more than 280 bird species, including the Dalmatian Pelican and Black Ibis. Boat excursions, scenic picnics and swimming stops provide a memorable immersion in Montenegro's wild beauty.

DINING BY THE SEA

To dine at Aman Sveti Stefan is to immerse in the spirit of the Adriatic, with a focus placed on seasonal ingredients, local flavours and coastal influence. For the 2026 season, guests have access to several dining venues. Arva, Aman's Italian dining concept, serves vibrant dishes inspired by cucina del raccolto tradition, which emphasises fresh, regional produce in dishes designed for sharing and savouring. Located in the heart of the island's village, Piazza serves as a central gathering place where guests can enjoy leisurely light meals throughout the day. Perched dramatically above the sea, the Cliff Bar frames uninterrupted sea views and spectacular sunsets, serving light fare and cocktails in one of the Adriatic's most atmospheric settings. With its long-anticipated reopening, Aman Sveti Stefan marks the start of a new chapter for one of the Adriatic's most emblematic destinations, once again inviting guests to experience the allure of Montenegro's coastline. Reservations can now be made on aman.com

Aman Sveti Stefan, Montenegro – Singnature Pool @ Courtesy of Aman

MONTENEGRO

Aman Sveti Stefan, Montenegro – Singnature Pool @ Courtesy of Aman

ABOUT AMAN GROUP Aman was founded in 1988 with the vision of building a collection of intimate retreats with the unassuming, warm hospitality of a gracious private home. The first, Amanpuri (place of peace), in Phuket, Thailand, introduced the concept and, since then, Aman has grown to encompass 35 exquisitely serene hotels, resorts and branded residences, ranging from the urban to the remote, in 20 destinations across the globe. Aman has a robust pipeline of future projects under construction. In recent years, Aman Group has grown to offer its coveted lifestyle beyond the parameters of its havens including Aman Skincare (2018), supplement range Sva (2020), Aman Fine Fragrance (2020), ready-towear collection The Essentials by Aman (2021), performance skincare line Aman Essential Skin (2023) and Aman Interiors (2023) offering bespoke designed furniture items inspired by the world of Aman. With innovation a cornerstone of the brand's philosophy, in 2020 Aman introduced a new hotel brand, Janu, meaning 'soul' in Sanskrit. Janu energises and inspires with transformative spaces, innovative dining destinations and state-of-the-art wellness facilities at unprecedented scale, offering a new expression of hospitality. In March 2024, Janu's inaugural hotel, Janu Tokyo, opened its doors and several forthcoming Janu hotels are already in development.

Aman Sveti Stefan, Montenegro - Villa Miločer, Loggia Restaurant, Terrace @ Courtesy of Aman

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To dine at Aman Sveti Stefan is to immerse in the spirit of the Adriatic, with a focus placed on seasonal ingredients, local flavours and coastal influence.

Aman Sveti Stefan, Montenegro – Piazza Restaurant @ Courtesy of Aman

Aman Sveti Stefan, Montenegro - Aman Spa @ Courtesy of Aman

Linked to the mainland by a narrow isthmus, the cobbled streets of Sveti Stefan echo the private island's centuries-old past. Lovingly restored with hand-rendered stucco, local stone and oak, the island's cottages and suites preserve the rustic legacy of the original village while offering contemporary comfort and exceptional sea views. Aman Sveti Stefan, Montenegro – Two Bedroom Suite, Master Bedroom @ Courtesy of Aman

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SPECIAL FEATURE

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INTERVIEW

Samih Sawiris:

Heritage Survives Only When It Has a Future A CONVERSATION ON MAMULA ISLAND BY BANYAN TREE, VISION, MONTENEGRO, AND THE ART OF CREATING PLACES WITH SOUL

Mamula Island by Banyan Tree, Montenegro

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Andermatt Swiss Alps

There are places that are discovered, and there are places that are imagined before anyone else can truly see them.

HERITAGE THROUGH USE "Preserving it through use was better than allowing it to collapse."

amula Island belongs to both categories. For decades, this Austro-Hungarian fortress stood at the entrance of Boka Bay as a powerful monument of history, silence and decay. Then Samih Sawiris saw it from a helicopter. What others saw as an abandoned island, he saw as a possibility. Not an easy one, not a purely commercial one, and certainly not a conventional hotel project. For Sawiris, Mamula was never only about rooms, rates or returns. It was about giving heritage a new life and giving Montenegro a landmark capable of redefining its position on the luxury map of the Adriatic. During the recent visit and grand opening of Mamula Island by Banyan Tree, The Collection sat with Mr. Samih Sawiris for an open conversation about instinct, heritage, Montenegro, Banyan Tree, Luštica Bay, golf, El Gouna and why the most meaningful projects are often the ones everyone first believes are impossible. Q. The Collection: When did you first see Mamula Island? A. Samih Sawiris: I first saw it from a helicopter. I was flying over the coast looking for land for the Luštica Bay project. We saw the Luštica peninsula, the small beaches, the sheltered areas, and I immediately thought this is it. But I am curious by nature. I do not like to miss things. So, I asked the pilot to continue flying towards the entrance of the Bay of Kotor. Then I saw the island. I asked him to fly over it. From the air, I immediately felt there was something special there. The shape, the position, the architecture, the drama of the place-it was impossible not to notice it.

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Q. Did you immediately believe it could become a luxury hospitality project? A. Yes, but not in the usual commercial sense. The first thing I understood was that the cost of restoring and maintaining such a place as a pure cultural monument would be enormous. Beyond what most governments can afford. I come from Egypt, where we have hundreds and hundreds of monuments and old buildings. Governments often have good intentions, but they do not always have the budget to preserve everything properly. The result is that these buildings keep deteriorating. One after another. When you understand construction, restoration and maintenance, you know exactly how expensive it is to save a place like this. So, for me, the logic was simple: if Montenegro had a budget of, let us say, 100 million euros every year for the restoration of heritage buildings, I would say, fine, let the state do it. But that was not the reality. Q. What condition was the island in when you first visited it? A. It was a disaster. After seeing it from the air, I later came by boat and went inside. A lot of what remained had been taken. Doors, gates, materials many things had disappeared. There was dirt everywhere. The structure was suffering badly. Nature was also taking over. Roots were breaking through the stone, humidity was entering the walls, and every year the situation was becoming worse. People sometimes underestimate how dangerous that is. Once water enters the structure and roots start pushing through the stones, the damage accelerates. At some point, one wall falls, then another, and then it becomes almost impossible to restore properly. For years, I kept hearing that something would be done. But nothing happened.

Mamula Island by Banyan Tree, Montenegro

Eventually, the idea became clear: preserving it through use was better than allowing it to collapse. Q. You often choose projects that appear almost impossible. Does that challenge drive you? A. It drives me, but only after you already have a real business behind you. You cannot start with this kind of courage. First, you need experience, people, engineers, workers, companies, cash flow, and a business that is operating. Only then can you become courageous enough to take on something like this. To come to Montenegro and do this island, you had to be a little bit crazy. Maybe more than a little. But some projects are worth that. Q. Would you describe Mamula Island as one of your “signature” projects? A. Yes, that is a good way to put it. These are not purely commercial projects. They are testimonials. They show passion for a country, passion for a place, and passion for reviving something that was almost dead. Mamula was not about building another hotel. It was about making it possible for people to come, to visit, to feel the place, to remember its history and to see what it once was - but also what it can become. Count Mamula built something with a lot of architectural quality. Many fortresses are only military structures. This one has balance, symmetry and taste. It has architectural features that make it special.

hotels, large hotels, beach hotels, but this is something different. It gives the country a story. Together with Aman Sveti Stefan, One&Only Portonovi, Luštica Bay and now Mamula Island by Banyan Tree, Montenegro has a concentration of luxury destinations that is remarkable for such a small country. This is what Montenegro should understand. It is small. It does not need mass tourism. It does not need millions and millions of visitors that require importing huge numbers of workers. Montenegro should be aiming higher. It should be the Monte Carlo of this part of the world. Q. What made Montenegro attractive to you in the beginning? A. At the time, Montenegro had a government and a system that made investors feel things could be done. It was a small country, which meant decisions could happen faster. You could meet people, solve problems, bring ministers together, speak directly and move forward. That was attractive not only to me. It was also attractive to the people who developed Aman, Porto Montenegro and other major projects. These were serious investors. They looked at Montenegro and believed they could do business here. For investors, clarity is very important. Ambiguity is one of the worst things. If every answer is “maybe”, “we will see”, “do not worry”, or “the law says no but we can fix it”, then serious investors run away.

QUALITY ABOVE QUANTITY "Quality above quantity. Hospitality should not become only a numbers business. This business is about people. You work with people and you serve people."

Q. How do you see the impact of Mamula Island on Montenegro’s luxury tourism? A. From the beginning, I said this was not about how many rooms the hotel has, what the turnover is, or whether the profit is big or small. It is about the fact that Montenegro can now say it has one of the coolest hotels in the Adriatic. You can find modern MONTENEGRO

El Gouna, Egypt

A SMALL COUNTRY, A BIG OPPORTUNITY "Montenegro has developed a lot. For a small country, this is a big issue. Montenegro can grow quickly if it makes the right decisions. Two or three major projects can make a significant impact on GDP. Here, the opportunity is much more direct."

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Q. How do you see Montenegro today compared with 15 years ago? A. Montenegro has developed a lot. The system has established itself. But now the challenge is that things move more slowly. That is one of the realities of democracy. Everyone can speak, everyone has an opinion, and everyone wants things their own way. When you have many political parties forming a government, naturally they will not agree on everything. That slows down decisions. For a small country, this is a big issue. Montenegro can grow quickly if it makes the right decisions. Two or three major projects can make a significant impact on GDP. In larger countries, you need hundreds of projects to create that effect. Here, the opportunity is much more direct. Q. Luštica Bay has also become one of Montenegro’s defining projects. How did it all begin? A. Luštica was selected because it had everything: the location, the coastline, the shelter, the potential for marinas, and the feeling of a real place. It was not just land for development. It had character. When we started, many people thought the area was useless. That is normal. Almost every project I have done began with people thinking I was crazy. Actually, if I present an idea and everyone tells me it is fantastic and it will work immediately, I become worried. If everyone already sees it, maybe there is no real opportunity.

Q. You mentioned that El Gouna has often been your “credit card” when entering new countries. A. Not credit card, but identity card. When governments look at me, they can look at El Gouna and say: this person has done it before. It is not a promise on paper. It exists. It is a town, a destination, a functioning place. El Gouna opened doors for me in Switzerland, Oman, Montenegro, the Emirates and other places. It gave people confidence that I was not coming with only an idea, but with experience. Q. Was El Gouna born from a grand vision? A. No. This is where people give me too much credit. I did not go into the desert almost 40 years ago and imagine a town with tens of thousands of people living there. I wanted a marina for my boat. Then friends said they would come if there was a marina. Then someone said his wife did not like boats, so we should build houses. Then the government said: if you want land, you need to build a hotel. So I asked: how small can the hotel be? That was the beginning. Sometimes ignorance is a blessing. If you know too much, you become scared. And if you are too scared, you never start. Q. One of the most exciting elements of Luštica Bay is the golf course. How important is it for Montenegro? A. Very important. A luxury destination without a golf course is like wearing a tuxedo without a bow tie. Something is missing. People ask: how many golf courses does Montenegro have? Zero. That does not work if you want to be a serious luxury destination.

Now, with Luštica, you have a Gary Player-designed golf course in a unique location, with views towards the bay and the open sea. It is not only about golf. It completes the destination. Q. Why Banyan Tree for Mamula Island? A. Because Banyan Tree is about quality. I have known Ho Kwon Ping for around 37 or 38 years. When I was still young and working on El Gouna, I visited Phuket and saw what he had done with Laguna Phuket. At that time, he was one of the first to understand that a hotel should not stand alone. It should be part of a larger experience where people have everything around them. That inspired me in some ways for El Gouna. For many years, there was no opportunity to do a project together. Egypt was not ready for that level of luxury at the time. But when Mamula came, I thought of him. It was the right place, the right moment and the right philosophy. Q. What values do you share with Banyan Tree? A. Quality above quantity. Ho could have built hundreds and hundreds of hotels if he wanted to grow only by numbers. But he believes in organic growth, in quality, and in places with meaning. I respect that. I have also been in this business for more than 36 years. I could have built 30,000 or 40,000 rooms if that was my goal. You take beachfront land, build 500 rooms, then another 500 rooms, and keep going. Maybe you will make more turnover, maybe even more money. But hospitality should not become only a numbers business. This business is about people. You work with people and you serve people. You have to create places where people are genuinely happy to be. Q. What is your personal business principle? A. I always ask myself one simple question: would people like to be here? Different people, not only one type of person. Would they enjoy the place? Would they like to live here, stay here, walk around, come back? If the answer is yes, then I believe the project can succeed. If the feeling is negative, then it will fail. I do not start with feasibility studies. I never really liked them. I start with the human reaction to a place. Q. Is instinct more important than spreadsheets? A. For me, yes. Of course, numbers matter. But numbers do not create magic. People do not fall in love with a feasibility study. They fall in love with a view, a feeling, a room, a street, a terrace, a sunset, a memory. Sometimes I even cheated myself with costs. With Mamula, the original budget was much lower than what it became. I knew it would not be enough, but you started. Then you discover hidden damage, structural problems, water issues, wind, humidity, everything. In the end, the restoration cost much more than expected. But with a place like Mamula, that is part of the reality.

Q. You often speak about people. How important is the team in hospitality? A. It is everything. A hotel is like an orchestra. Everyone has to play their role. If someone constantly plays the wrong notes, the conductor has to remove that person. Otherwise, the whole performance suffers. In hospitality, people must project the values of the place. If they do not project them, they get ejected. It sounds funny, but it is true. The owner, the management company and the team must share the same philosophy. If one side wants only maximum turnover and the other side wants quality, there will be conflict. But when everyone believes in the same thing, slowly the experience improves, guest satisfaction rises, and the hotel attracts people who understand what they are paying for. Q. What is the most important lesson when developing in sensitive communities? A. The local population must benefit from you. If locals feel excluded or ignored, you will have a problem. You cannot arrive somewhere, take over a place and expect people to support you if they do not feel respected. In Andermatt, for example, I did not buy properties in the village at the beginning, even though I knew prices would rise. I did not want people to say: he came, he knew, he bought cheap from us, and now he benefits. That creates resentment. Years later, when prices had increased and everything was transparent, I started buying. That is different. It is important that people feel the process is fair.

THE SIMPLEST PRINCIPLE "I always ask myself one simple question: would people like to be here? Different people, not only one type of person. Would they enjoy the place? Would they like to live here, stay here, walk around, come back?"

Q. What does Mamula Island represent for you personally today? A. It is my piece of paradise. I am very happy to have been able to do it. Mamula is not a standard hotel. It is a statement. It says that heritage can be restored, that difficult projects can be completed, and that Montenegro can compete at the highest level if it protects what makes it unique. For me, that is the real value. Q. And finally, what makes a project truly successful? A. When people want to be there. That is the simplest answer. Not because it is fashionable. Not because it is expensive. Not because someone told them to go. But because they arrive, they feel something, and they want to stay. That is when you know a place has succeeded.

El Gouna, Egypt

Q. What was the most difficult part of restoring Mamula Fortress? A. Every time we touched something, we found a problem underneath. There was hidden damage everywhere. Water was entering in ways I had not seen before. On Mamula, sometimes rain comes sideways because of the wind, so humidity penetrates not only from above but through the walls. It was extremely complicated. But that is also why it needs to be done properly. If you start such a restoration, you cannot do it halfway. MONTENEGRO

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ADVERTORIAL

THE RETURN OF RISAN

How Boka’s oldest settlement is becoming one of the Adriatic’s most intriguing luxury destinations.

MONTENEGRO

There are those destinations that command attention instantly. They announce themselves through glamour, celebrity appeal or iconic landmarks. And then there are places that reveal their character more gradually, places whose greatest luxury lies not in spectacle, but in authenticity. Risan belongs firmly to the latter.

A new chapter is unfolding for Risan, one that is positioning this historic corner of Boka Bay among the Adriatic's most compelling emerging destinations. At the centre of that transformation stands Mövenpick Hotel & Residences Teuta Kotor Bay, a project bringing renewed international attention to a town whose story has always deserved a larger audience.

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et along the northern shores of Montenegro’s majestic Bay of Kotor, this unhurried coastal town predates many of the region’s better-known destinations. Known in antiquity as Rhizon, it was an important Illyrian settlement associated with Queen Teuta before flourishing under Roman rule as a prosperous maritime and trading centre. The renowned Roman mosaics discovered here, including the celebrated depiction of Hypnos, the god of sleep and the only one of its kind in the region, remain among the most significant archaeological treasures in the Adriatic region, offering a tangible connection to centuries of cultural exchange and maritime heritage. While Kotor, Perast and Tivat rose to international prominence, Risan retained a lower profile. For many travellers, that became its greatest strength. Its appeal was never defined by visibility. It was defined by atmosphere. Those who discovered Risan found something increasingly rare in today’s luxury travel landscape: a destination that had preserved its sense of place. The mountains still descend dramatically into the sea. The rhythm of life remains shaped by the bay. History is not curated for visitors; it simply exists as part of everyday life, layered deeper here than almost anywhere on the Adriatic.

Today, however, the wider world is beginning to take notice. A new chapter is unfolding for Risan, one that is positioning this historic corner of Boka Bay among the Adriatic's most compelling emerging destinations. At the centre of that transformation stands Mövenpick Hotel & Residences Teuta Kotor Bay, a project bringing renewed international attention to a town whose story has always deserved a larger audience. The resort combines contemporary hospitality with direct waterfront living, introducing the globally recognised Mövenpick brand to one of Montenegro's most historic settings. What makes the development particularly relevant is the way it aligns with the evolution of luxury travel itself. The most sophisticated travellers today are increasingly seeking destinations that offer true depth. Privacy has become more valuable than visibility. Provenance carries greater appeal than uniformity. The desire for meaningful experiences has replaced the pursuit of status alone. Risan answers that demand naturally. Unlike many Mediterranean destinations that have become defined by seasonal crowds and interchangeable glamour, Risan offers something more nuanced. Here, visitors encounter a setting shaped by centuries of maritime tradition, surrounded by the extraordinary natural beauty of a UNESCO-protected bay and anchored by a genuine connection to local culture. The result is an environment that feels both exclusive and deeply rooted.

That sense of wellbeing extends naturally into the resort's wellness offering at Trivona Spa & Wellness. Across the luxury hospitality sector, wellness has evolved from an amenity into a defining lifestyle component.

The shoreline itself is the property's defining signature. Home to a 150-metre private sandy beach, a rarity within the Bay of Kotor where sand gives way almost everywhere to stone, the resort introduces a different perspective on life in Boka. Here, the atmosphere is defined not by urgency but by stillness, creating a setting where time appears to slow and the surrounding landscape becomes part of the experience itself.

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Equally significant is the residential component of the development. Branded residences have become one of the fastestgrowing segments within global luxury real estate, appealing to buyers who seek ownership combined with professional hospitality management and internationally recognised service standards.

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Along the waterfront, Mövenpick Hotel & Residences Teuta Kotor Bay embraces this philosophy. Named for Queen Teuta, the Illyrian ruler who chose Risan for her summer palace, the property draws inspiration from its surroundings rather than competing with them. The result is a development defined by ambition and attention to detail. Contemporary architecture, exceptional construction quality, elegant interiors, intelligent technologies and environmentally conscious practices are brought together through a singular vision, one that seeks to create a world-class waterfront address worthy of both its setting and its history. The shoreline itself is the property's defining signature. Home to a 150-metre sandy beach, a rarity within the Bay of Kotor where sand gives way almost everywhere to stone, the resort introduces a different perspective on life in Boka. Here, the atmosphere is defined not by urgency but by stillness, creating a setting where time appears to slow and the surrounding landscape becomes part of the experience itself. The relationship with the sea extends beyond the beach. Positioned directly on the bay, the property offers seamless access to one of the Adriatic's most captivating coastal landscapes. Mornings unfold against mirror-like waters framed by dramatic mountain peaks. Evenings arrive with the gentle movement of boats returning to shore and the warm glow of villages scattered across the bay. For guests arriving by sea, the resort's pier provides a distinctive point of entry, reinforcing a connection to the maritime traditions that have shaped Risan for centuries. After all, this is a town whose

identity has always been linked to movement across water, through trade, exploration and cultural exchange. That sense of wellbeing extends naturally into the resort's wellness offering at Trivona Spa & Wellness. Across the luxury hospitality sector, wellness has evolved from an amenity into a defining lifestyle component. Today's affluent travellers are seeking opportunities for restoration, balance and meaningful disconnection. Within this context, Trivona complements the destination's inherent advantages: clean air, tranquil waters, abundant natural light and an atmosphere of complete escape. That philosophy of place extends to the table. At Spila Terra, the resort's signature restaurant, the kitchen draws on the waters of the bay and the Mediterranean traditions that have passed through Risan for two millennia, alongside the signature dishes for which the Mövenpick name has long been known. At Rhizon Biblioteca Bar, named for the town's ancient predecessor, an extensive cellar of regional wines is joined by rakija and a considered collection of spirits and cocktails, shaping a slower, more contemplative evening ritual. Down at the water, Mareta Beach Bar & Restaurant keeps lunch barefoot and unhurried, steps from the sand, while the Trivona Wellness Bar completes the picture with a lighter register of nourishment, designed to extend the spa experience rather than interrupt it. Equally significant is the residential component of the development. Branded residences have become one of the fastest-growing segments within global luxury real estate, appealing to buyers who seek ownership combined with professional hospitality management and internationally recognised

service standards. From Miami to Dubai, London to the French Riviera, affluent buyers increasingly view hospitality-backed residences as a lifestyle investment rather than simply a property acquisition. Mövenpick Residences Teuta Kotor Bay brings that concept to one of the Mediterranean's most promising emerging markets. The beachfront collection offers fully serviced homes integrated within the resort environment, allowing owners to enjoy the privacy of a residence alongside the benefits associated with a global hospitality brand. For many investors, timing is becoming part of the attraction. The Bay of Kotor has steadily strengthened its reputation among international travellers and second-home buyers, while opportunities for premium waterfront development remain inherently limited by geography. Against that backdrop, ownership in a branded residential project operated under the Mövenpick and Accor umbrella represents both a lifestyle choice and a long-term position in a destination whose international profile continues to grow. The signal is difficult to miss. When a global hospitality name commits to a shoreline this early in its story, it is rarely an accident of geography.

Ultimately, however, the story is larger than a hotel, a residence collection or even a new investment cycle. It is the story of a place rediscovering its momentum. A place where history remains visible in the landscape. Where maritime heritage continues to shape local identity. Where luxury is expressed through authenticity, space and a profound connection to nature. Perhaps that is why Risan feels so relevant today. In an era defined by constant reinvention, it remains firmly anchored in its identity while embracing a new future. The mountains remain unchanged. The bay retains its remarkable stillness. The stories embedded in its shoreline continue to shape what comes next. And as a new generation of travellers, yachting enthusiasts and global citizens arrives, Risan is reclaiming a place it once held naturally, among the Adriatic’s most distinguished destinations.

That philosophy of place extends to the table. At Spila Terra, the resort's signature restaurant, the kitchen draws on the waters of the bay and the Mediterranean traditions that have passed through Risan for two millennia, alongside the signature dishes for which the Mövenpick name has long been known. At Rhizon Biblioteca Bar, named for the town's ancient predecessor, an extensive cellar of regional wines is joined by rakija and a considered collection of spirits and cocktails, shaping a slower, more contemplative evening ritual.

www.thequeenofthebay.com

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Intricate Shadows & Dual Tones

Regional Sales Office AADI KONCEPT d.o.o. info@aadi-koncept.hr www.aadi-koncept.hr

Distributor Croatia TRIKA 333 d.o.o. trika@trika.hr www.trika.hr

10deka.com Distributor Montenegro SUHIH DESIGN d.o.o. LAS showroom Podgorica e las@suhihdesign.com w www.lasconcept.me

PINGVIN d.o.o. p +382 (0)68 050529 e djuro@pingvin.co.me

Where the mountain feels like home

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Mountain Retreat by Dukley is a refined all-season retreat in Kolašin, shaped by forest, mountain air and the quiet rhythm of northern Montenegro. The retreat features 10 chalets and 31 apartments, complemented by Ember restaurant and spaces designed to open naturally toward the surrounding landscape. With private terraces, forest views and warm interiors, every stay feels calm, grounded and deeply connected to nature.

contact@dukleykolasin.com +382 69 000 334 dukleyhotels.com Mušovića Rijeka, 81210 Kolašin

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Explore the income potential of Charter Management program Let us help you choose the perfect boat

Nautika Centar Nava d.o.o. / Official Dealer for Lagoon Catamarans Branimirova obala 11, Split / +385 21 407 704 / sales@navaboats.com / www.navaboats.com

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ADVERTORIAL

Monte Mulini and Riva: A New

Chapter of Mediterranean Luxury in Rovinj

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here are destinations that impress at first sight, and there are those that stay with you long after you leave. Rovinj belongs firmly to the latter. Nestled on the western coast of Istria, this charming Adriatic town has evolved into one of the Mediterranean’s most desirable luxury destinations, celebrated for its picturesque old town, crystal-clear sea, exceptional gastronomy and sophisticated lifestyle. At the heart of this transformation stands Hotel Monte Mulini, an adults-only property that has long defined contemporary luxury hospitality in Croatia. This year, Monte Mulini entered a new era. Following a comprehensive refresh of its interiors, guest rooms and public spaces, the hotel unveiled a landmark partnership with the legendary Italian brand Riva, introducing the exclusive Riva Destinations concept to Rovinj. With this move, Monte Mulini joins an elite collection of world-renowned destinations including Monaco, Venice, Paris, Lake Como and Mallorca, places where luxury is not merely experienced but lived. The partnership represents far more than a collaboration between two premium brands. It is a meeting of shared values: timeless elegance, exceptional craftsmanship, personalised experiences and a profound connection to the sea.

WHERE LUXURY MEETS THE ADRIATIC

Perched above Mulini Beach and surrounded by fragrant pine forests, Monte Mulini enjoys one of the most enviable locations in Rovinj. The adults-only hotel has built its reputation on offering guests an atmosphere of exclusivity and tranquillity, while re-

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maining only moments away from the vibrant cultural and gastronomic scene of the old town. The recent renovation further elevates the guest experience. Refreshed accommodation units combine contemporary comfort with refined Mediterranean aesthetics, while redesigned public spaces create a seamless connection between indoor elegance and the natural beauty of the Adriatic coastline. Throughout the property, guests encounter a renewed sense of sophistication, one that prioritises comfort, privacy and intuitive service. Every detail has been carefully considered, from the subtle colour palette inspired by the sea to the enhanced gastronomic concepts and personalised guest experiences. The result is a hotel that feels simultaneously modern and timeless, designed for travellers who value authenticity as much as luxury.

THE ARRIVAL OF AN ICON

Founded in 1842, Riva is one of the most celebrated names in the world of luxury boating. Its iconic vessels have become symbols of Italian style and craftsmanship, admired by royalty, celebrities and discerning travellers for generations. Models such as the Aquarama have achieved legendary status, representing an enduring vision of elegance on the water. The Riva Destinations concept was created to extend this world beyond the marina, partnering with carefully selected hotels and destinations that embody the same values of exclusivity, beauty and impeccable service. For Rovinj, becoming part of this prestigious network is a significant milestone.

Nestled on the western coast of Istria, this charming Adriatic town has evolved into one of the Mediterranean’s most desirable luxury destinations, celebrated for its picturesque old town, crystal-clear sea, exceptional gastronomy and sophisticated lifestyle. At the heart of this transformation stands Hotel Monte Mulini, an adultsonly property that has long defined contemporary luxury hospitality in Croatia.

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The launch of the partnership was celebrated with an exclusive event at Monte Mulini, where guests gathered to experience firsthand the new chapter unfolding for the hotel. As the sun set over Lone Bay, the atmosphere reflected everything the collaboration stands for: effortless sophistication, Mediterranean charm and the timeless appeal of Italian Dolce Vita. Live music, gourmet creations and carefully curated experiences set the tone for an evening that felt less like a hotel event and more like an invitation into a lifestyle.

The culinary concept celebrates Mediterranean flavours through sharing plates, fresh seafood and local ingredients, inviting guests to enjoy the destination in a social and leisurely way. For those seeking a more exclusive experience, the intimate Riva Privée offers a secluded setting for private gatherings, special celebrations and bespoke moments inspired by the timeless glamour of the Dolce Vita.

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INTRODUCING THE RIVA LOUNGE

At the heart of the partnership lies the newly unveiled Riva Lounge, a sophisticated waterfront venue that brings the unmistakable elegance of the Riva world ashore. Overlooking Lone Bay, the space blends iconic Riva design elements with a relaxed Mediterranean atmosphere, creating one of Rovinj’s most stylish settings for dining, aperitifs and sunset gatherings. The culinary concept celebrates Mediterranean flavours through sharing plates, fresh seafood and local ingredients, inviting guests to enjoy the destination in a social and leisurely way. For those seeking a more exclusive experience, the intimate Riva Privée offers a secluded setting for private gatherings, special celebrations and bespoke moments inspired by the timeless glamour of the Dolce Vita. From leisurely afternoons by the sea to golden-hour cocktails overlooking the Adriatic, the Riva Lounge embodies the spirit of contemporary Mediterranean luxury that defines Monte Mulini’s new chapter.

EXPERIENCES BEYOND THE SHORE

Luxury today is increasingly defined by experiences rather than possessions. Modern travellers seek authenticity, personalisation and meaningful connections with the destinations they visit. Recognising this shift, Monte Mulini and Riva have created a collection of exclusive experiences that allow guests to discover Rovinj and the Istrian coastline from a new perspective. Among the highlights is the opportunity to embark on private cruises aboard the Riva Aquariva Special, a contemporary interpretation of one of the brand’s most iconic models. Combining classic craftsmanship with modern performance, the vessel embodies everything that has made Riva a global symbol of nautical excellence. From the deck, guests experience Rovinj as it was always meant to be seen, from the sea. The historic old town rises dramatically from the water, church bell towers punctuate the skyline and hidden coves reveal themselves along the rugged coastline. Nearby islands, secluded beaches and crystal-clear bays invite exploration, creating moments that feel both intimate and extraordinary. Whether enjoying a romantic sunset cruise, a leisurely afternoon at sea or a tailor-made itinerary exploring the natural beauty of the region, each experience reflects the shared commitment of Monte Mulini and Riva to exceptional quality and personalised service. As Monte Mulini enters this exciting new chapter, it remains guided by the principles that have defined its success: exceptional service, personalised expe-

riences and an unwavering commitment to quality. The addition of Riva simply adds another layer to an already compelling story—one shaped by the sea, inspired by craftsmanship and dedicated to creating unforgettable moments. In a world where true luxury is increasingly measured by experiences rather than extravagance, Monte Mulini and Riva offer something rare: a lifestyle that feels both timeless and contemporary, deeply rooted in the Mediterranean yet unmistakably international. And perhaps that is why this partnership feels so natural. Both brands understand that the most memorable journeys are not only about where you go, but how those places make you feel. In Rovinj, with the Adriatic stretching endlessly before you and a Riva waiting at the shore, that feeling is simply unforgettable.

This year, Monte Mulini entered a new era. Following a comprehensive refresh of its interiors, guest rooms and public spaces, the hotel unveiled a landmark partnership with the legendary Italian brand Riva, introducing the exclusive Riva Destinations concept to Rovinj. With this move, Monte Mulini joins an elite collection of world-renowned destinations including Monaco, Venice, Paris, Lake Como and Mallorca, places where luxury is not merely experienced but lived.

www.maistra.com

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The epitome of discreet flamboyance, Forza Mare is the first boutique hotel in the area with ten suites that draw their themes from Africa, Japan, Dubai, and other exotic cultures. Our philosophy of thoughtful collaboration and attention to detail is evident in each of our rooms.

E: reservations.mare@forzahotels.com T: +382 69 390 195 I: forzahotels W: forzagroup.me KOTOR, MONTENEGRO

Escapism is redefined in our Forza Terra five-star boutique hotel. The breath-taking design of Terra’s two suites and ten luxury rooms pays homage to tradition with high-quality materials and fabrics that sailed into nearby ports from all over the world.

E: reservations.terra@forzahotels.com T: +382 67 370 370 I: forzahotels W: forzagroup.me KOTOR, MONTENEGRO

eel the invigorating effects of Kopaonik through its air, scents, and tastes of summer! Immerse yourself in vividly designed activities that will turn your vacation into a new summer experience.

Invigorating SPA treatments inspired by the nature of Kopaonik, an authentic culinary experience, as well as numerous outdoor activities, are only part of the tale in which Grand will take you through unforgettable adventures and reveal the most beautiful secrets of the mountains.

www.grandkopaonik.com

WHERE SUMMER COMES TO LIFE.

www.amihotel.me - sales@amihotel.me - +382 33 472 200

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ADVERTORIAL

A More Private Way of Living at

Portonovi THERE IS A PARTICULAR KIND OF LUXURY THAT HAS NOTHING TO DO WITH SQUARE FOOTAGE OR THREAD COUNT. IT IS THE LUXURY OF BELONGING SOMEWHERE COMPLETELY.

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There is a particular kind of luxury that has nothing to do with square footage or thread count. It is the luxury of belonging somewhere completely. Of waking up in a place that was designed, deliberately and without compromise, for people who value their time, their privacy, and the quality of their everyday life above all else. Portonovi has always been that kind of place since day one. But in 2026, it becomes something more.

A VILLAGE WITHIN A VILLAGE

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This year, Portonovi introduces a defining change to the way life within the resort is experienced. The village is becoming gated, accessible only to residents and Marina Apartment owners. What this means in practice is something increasingly rare in the modern world: a genuinely private community, where the promenades, charming passages, and the unhurried pace of Adriatic life belong exclusively to those who call it home. For future Portonovi residence owners, this shift elevates an already exceptional address into something closer to a private estate on the Adriatic coast. The crowds of high season remain outside. The quality of life within remains unchanged, protected, and entirely yours.

MARINA APARTMENTS: THE ADDRESS ITSELF

Positioned directly on the waterfront, Marina Apartments are among the most coveted residences within Portonovi. Floor-to-ceiling views over the bay, direct access to Portonovi Marina, proudly holding 5 Gold Anchor Platinum, Superyacht Ready

and Clean Marina accreditations, and immediate proximity to One&Only Portonovi and Chenot Espace Wellness Spa, one of Europe’s most respected holistic wellness destinations, create an unparalleled waterfront lifestyle. Boka Bay, framed by mountains that meet the sea in a way found nowhere else on the Adriatic, provides a backdrop that photographs cannot fully capture and words only approximate. You simply have to be here, coffee in hand on a morning terrace, to understand why people who visit once return regularly.

AN INVESTMENT THAT MAKES SENSE

Marina Apartments are currently available from €800,000, while Village Apartments start from €850,000, both offered with payment plans designed to make ownership as effortless as the lifestyle it affords. A 20% down payment secures your residence, with the remaining balance spread across five interest-free years for Marina Apartments and four interest-free years for Village Apartments. With sustained growth in luxury real estate demand, Montenegro continues to position itself as a compelling destination for long-term investment, while Portonovi’s international recognition further reinforces its value. The only question is how soon you want to move in.

WHAT OWNERSHIP ACTUALLY MEANS HERE

The question worth asking is not what a Portonovi apartment costs, but what it gives you. It gives you mornings on a terrace above the bay with no agenda. It gives you access to a marina where the world's most remarkable superyachts dock as naturally as neighbors. It gives you Chenot Espace Spa treatments access, fine dining, retail, and wellness, all serving as extensions of your daily life. And from this year, it gives you something that money in most places simply cannot buy: genuine privacy within a thriving, carefully curated community of people who share the same values of a life well lived. There are addresses you live at. And there are addresses that define how you live. Residences at Portonovi are the latter. A waterfront residence in a private community on Boka Bay, with world-class wellness, an award-winning marina, and a payment structure that makes the decision easier than you might expect.

What Ownership Actually Means Here The question worth asking is not what a Portonovi apartment costs, but what it gives you. It gives you mornings on a terrace above the bay with no agenda. It gives you access to a marina where the world's most remarkable superyachts dock as naturally as neighbors. It gives you Chenot Espace Spa treatments access, fine dining, retail, and wellness, all serving as extensions of your daily life.

For enquiries regarding the real estate offering at Portonovi, contact: enquiries@portonovi.com.

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Floor-to-ceiling views over the bay, direct access to Portonovi Marina, proudly holding 5 Gold Anchor Platinum, Superyacht Ready and Clean Marina accreditations, and immediate proximity to One&Only Portonovi and Chenot Espace Wellness Spa, one of Europe’s most respected holistic wellness destinations, create an unparalleled waterfront lifestyle.

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“Freshly ground, not capsuled.”

Roger Federer Swiss Tennis Icon and JURA Brand Ambassador since 2006

The Z10 for hot & cold specialty coffees: A masterpiece of Swiss engineering, the new Z10 doubles the range of specialty coffees. The new grinder, the Product Recognizing Grinder (P.R.G.), automatically adjusts the grinder to the selected coffee specialty. This makes it possible for the first time to prepare both hot and cold brew specialties with the espresso method. Experience a completely new way of coffee enjoyment now. JURA – if you love coffee. jura.com

Porto Montenegro, Tivat Tel: +382 (0)67 054 959

Bulevar Džordža Vašingtona 3/9, Podgorica Tel: +382 (0)67 315 285

info@cubico.co.me www.cubico.co.me

A NEW ADRIATIC ADDRESS OF QUIET LUXURY

AN INTIMATE BOUTIQUE RETREAT INSPIRED BY THE BEAUTY, HERITAGE AND RELAXED RHYTHM OF THE PELJEŠAC PENINSULA

Set directly on the waterfront in Orebić, Hotel Katarina is the newest jewel of the Korta Katarina Collection and one of Croatia's newest members of Relais & Châteaux. Intimate by design, with just eleven individually created rooms and suites, the boutique hotel celebrates authentic Adriatic living through refined interiors, heartfelt hospitality and an atmosphere of effortless sophistication. Guests can savour Mediterranean cuisine at The Captain's Terrace, unwind at Neptune Spa, discover award-winning wines at nearby Korta Katarina Winery, or simply embrace the rhythm of the sea from sunrise to sunset. Every detail has been thoughtfully curated to create an experience where luxury feels natural, personal and timeless. Hotel Katarina is more than a destination—it is an invitation to experience Croatia's southern coast at its most elegant. Škvar 2, Orebić, Croatia Hotel Katarina: +385 99 166 4444 The Captain's Terrace: +385 99 3414 900 The American Bar: +385 99 3414 900 @hotelkatarina_orebic

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ADVERTORIAL

Up For A Different Kind Of Day ELEVEN MINUTES SEPARATE THE STONE STREETS OF KOTOR FROM THE OPEN AIR OF MOUNT LOVĆEN. IN BETWEEN, SOMETHING SHIFTS, IN THE LIGHT, IN THE AIR, IN THE PACE OF THE DAY. THIS IS WHAT HAPPENS WHEN YOU TAKE THAT RIDE AND DECIDE TO STAY A LITTLE LONGER.

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Falcon Fly is the more elemental of the two. The name comes from the grey falcon, a bird whose territory includes the limestone ridges of Lovćen. The ride, a suspended attraction on which you control your speed up to 30 km/h, begins facing into the mountain landscape before opening outward, toward the Bay.

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THE ELEVEN MINUTES

There is a moment, somewhere between the terracotta rooftops of Kotor and the first ridge of Lovćen, when the gondola clears the treeline and the bay opens below you in full. The water is the colour of something a painter might invent. The old town, the walls, the cathedral, the centuries of stone suddenly seem improbably small. A child presses their nose to the glass. An adult forgets to check their phone. It lasts about eleven minutes ascent, which is long enough to forget where you came from and not yet know what comes next. Danilo Kiš, who grew up between Cetinje and Kotor and became one of the great writers of the twentieth century, returned to this landscape more than once in his work, not because it invited easy description, but because it seemed to resist it. In The Magical Place, he evokes a morning when sea, mountain and sky briefly become inseparable, and memory folds into the landscape itself. Standing on Lovćen, that feeling becomes unexpectedly familiar. The view does not simply expand; it softens the boundary between observer and place, echoing what Arthur Koestler called the “oceanic feeling,” that rare moment when the self seems briefly absorbed into the world around it. This view has been receiving serious witnesses for a long time. The Kotor Cable Car that opened in 2023 simply made the approach gentler.

FROM THE BAY TO THE MOUNTAIN

The lower station sits on the edge of Kotor, a few kilometres drive from the old city walls. In the mornings, the good mornings, when the summer haze hasn't yet settled over the bay, the air carries salt and something faintly herbal from the hills. The gondolas hold ten people comfortably. The ride begins gently, almost deceptively so, climbing through terraced slopes where fig trees and olive groves give way, slowly, to something wilder. At around 500 metres the temperature drops. Not dramatically, but enough. A jacket that felt excessive at the bottom of the hill becomes, here, a reasonable idea. The coastal light, that particular Mediterranean flatness of mid-morning, starts to feel cooler, more northern, more alpine. Below, the Bay of Kotor arranges itself: the inner bay, the outer bay, the strait between them, the peninsula of Luštica reaching into the Adriatic, the outline of Tivat airport, and Prevlaka on clear days, and beyond that, open water. The gondola arrives at the upper station at 1,348 metres. The door opens. The air is different.

HERE NATURE SETS THE PACE

Above the cable car station, the world that greets you belongs to Mount Lovćen, a landscape that makes no concessions to the idea that you might be in a hurry. The trails that radiate from the upper station are marked for all levels, but even the easiest of them soon leads into the kind of quiet that feels genuinely rare in August. The ground underfoot is a mix of limestone rock and soft earth. In the clearings, the meadows are full of things a botanist would recognise and the rest of us simply enjoy.

Children, interestingly, tend to behave differently here than they do at sea level. Something about the space, or the silence, or the absence of anyone telling them where to go next. They run further than expected. The viewpoints, four of them, named Kotor, Boka 1, Boka 2, and Budva—are positioned with the kind of care that suggests whoever chose the locations did so at different times of day. In the morning, the bay below has a silvery quality. By noon, it deepens to blue. In the late afternoon, when the sun begins to move west, the whole prospect turns amber in ways that are difficult to photograph accurately and easy to remember precisely. Pause here long enough and you begin to understand why Kiš came back to this landscape in his work. There is something in it that resists summarising.

ADVENTURE ABOVE THE ADRIATIC

Not everyone comes to Lovćen to be still. The Alpine Coaster, a track of just over a kilometre winding through the mountain landscape, runs from a point near the upper station. The ride takes between three and five minutes, depending on how brave you feel. You control the speed yourself, which means it is, technically, a different experience every time. Parents with children old enough to ride tend to discover that “one more time” is the phrase most frequently heard near the upper station. This season, Lovćen gains two new ways of meeting the landscape. Falcon Fly is the more elemental of the two. The name comes from the grey falcon, a bird whose territory includes the limestone ridges of Lovćen. The ride, a suspended attraction on which

you control your speed speed up to 30 km/h, begins facing into the mountain landscape before opening outward, toward the Bay. The sensation, for those willing to admit to sensations, is not easily compared to other things. It involves a joystick, a measured descent, and a view of the Bay of Kotor that no photograph has yet managed to settle. You begin above the slopes of Lovćen and end facing the Adriatic. For a few quiet seconds in between, the landscape explains why the falcon belongs here. Aerobar, also newly introduced, offers a different kind of elevation: a bar suspended 35 metres above the ground, with views across the Budva Riviera and the Bay of Kotor. A drink here in the late afternoon, as the light begins its long change over the water below, is the kind of moment that returns years later in conversation. All attractions are equipped with advanced safety technology and operate in line with relevant European safety standards, with boarding areas conveniently located near the upper cable car station at Kuk. Beyond its viewpoints and signature attractions, the upper station offers guided outdoor adventures, bike and scooter rentals, family play areas, and easy access to the wider landscapes of Lovćen National Park.

The Alpine Coaster, a track of just over a kilometre winding through the mountain landscape, runs from a point near the upper station. The ride takes between three and five minutes, depending on how brave you feel. You control the speed yourself, which means it is, technically, a different experience every time.

Aerobar, also newly introduced, offers a different kind of elevation: a bar suspended 35 metres above the ground, with views across the Budva Riviera and the Bay of Kotor.

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A TABLE ABOVE THE BAY

From the Boka viewpoint, the bay seems to hold several kinds of light at once: the darker water near Kotor, the paler reflections toward the open sea, the warm line of the far ridges, the first evening blue gathering above the mountains. You come back, people say, because the day felt complete in a way that most days don't.

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Lunch at this altitude follows a different rhythm than lunch at sea level. Around the upper station, visitors find several places to pause for food, coffee, a glass of wine or something simple after a walk. The offering is varied enough to allow the day to stretch naturally: a light lunch after the viewpoints, coffee before another trail, something cold while the afternoon settles over the mountain. There are also small retail and souvenir corners for those who like to take home something more tangible than a photograph. But food here is not the centre of the experience. The view is. At noon, the light is clean and direct. By mid-afternoon, it softens. The Bay below has already changed colour more than once, and each interruption in conversation feels entirely justified. People linger longer than they intended, not because the schedule allows it, but because the landscape keeps quietly asking for another few minutes.

This is when the viewpoints become less like stops on a route and more like places of assembly. People drift towards the open edges of the landscape without needing instruction. Some carry a glass of something cold. Others bring only a camera, or nothing at all. The wiser ones arrive early and stay still. From the Boka viewpoint, the bay seems to hold several kinds of light at once: the darker water near Kotor, the paler reflections toward the open sea, the warm line of the far ridges, the first evening blue gathering above the mountains. You come back, people say, because the day felt complete in a way that most days don't, which is, in the end, a reasonable description of what a good journey offers. Visitors staying in Kotor, Budva or Tivat can reach the lower cable car station by scheduled shuttle bus or arrange a private transfer through the official shuttle partner. Tickets and timetables are available at GoShuttle.me

SUNSET WORTH WAITING FOR

The cable car operates into the evening, and this matters. The last hour above the Bay of Kotor has its own tempo. The water, silver and blue for most of the day, begins to take on warmer tones. The old town falls gradually into shadow, while the higher ridges of Lovćen remain lit a little longer, as if the mountain has been granted a few additional minutes of daylight.

Buy Your Tickets for Kotor Cable Car Online kotorcablecar.me

The viewpoints, four of them, named Kotor, Boka 1 and 2, and Budva are positioned with the kind of care that suggests whoever chose the locations did so at different times of day. In the morning, the bay below has a silvery quality. By noon, it deepens to blue. In the late afternoon, when the sun begins to move west, the whole prospect turns amber in ways that are difficult to photograph accurately and easy to remember precisely.

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EXPERIENCE BUDVA FROM A NEW PERSPECTIVE Perfectly positioned in the heart of Budva, just moments from the Adriatic Sea and the historic Old Town, Crowne Plaza Budva, owned and operated by Uniprom Hoteli under licence from IHG Hotels Limited and part of IHG Hotels & Resorts, offers a contemporary retreat for travellers visiting Montenegro for business, leisure, or a seamless blend of both. As part of the globally recognised Crowne Plaza brand by IHG Hotels & Resorts, the hotel has been thoughtfully designed to meet the expectations of today’s modern traveller. Guided by Crowne Plaza’s Blended Travel philosophy, the hotel enables guests to combine professional commitments with moments of discovery and leisure. Thoughtfully curated spaces, personalised service and authentic local experiences transform every stay into an opportunity to recharge, connect and explore Montenegro’s vibrant coast. Slovenska obala, Budva T: +382 (0) 33 441 610 • M: +382 (0) 69 100 641 info@cpbudva.com info@cpbudva.com

Whether hosting a corporate event, discovering the beauty of the Adriatic shoreline or simply seeking the perfect balance between work and relaxation, Crowne Plaza Budva offers a destination where flexibility, connection and modern travel come together naturally.

Tivat (Porto Montenegro)

Podgorica (City Center)

Podgorica (Master Quart)

Budva (Crowne Plaza)

Budva (former JAT location)

G’ORO – THE ART OF TASTE, CRAFTED IN MONTENEGRO Some stories begin with a simple idea: transforming everyday moments into memorable experiences. G’ORO was created with the vision of bringing together the timeless tradition of authentic Italian gelato and the warm hospitality that defines Montenegro. At the heart of the G’ORO experience is genuine Italian gelato, prepared according to traditional recipes with meticulous attention to texture, flavour and the finest ingredients.

Every product is made in-house, ensuring outstanding freshness, quality and consistency in every bite.

Every scoop reflects true artisanal craftsmanship and a passion for exceptional taste. Beyond its signature gelato, G’ORO offers a carefully curated selection of handcrafted sweet and savoury croissants, traditional tiramisu and an array of freshly prepared desserts.

Whether beginning the day with freshly brewed coffee and a buttery croissant, enjoying an afternoon gelato by the sea or ending the evening with a classic Italian dessert, G’ORO celebrates life’s simple pleasures with authenticity and style.

With seven locations across Montenegro, G’ORO has become more than a destination for desserts—it is a welcoming place where people gather, where a short break turns into a moment of indulgence, and where every visit offers the chance to discover a new favourite flavour.

SeiSensi Luxury Beach Villa An Exclusive Beachfront Escape

Hidden on the Adriatic coast, SeiSensi is a private beachfront retreat created for those who value space, discretion and refined design. With four elegant en-suite bedrooms, a heated infinity pool overlooking the sea, generous indoor and outdoor living areas, and direct beach access, the villa combines outstanding design with thoughtful details to transform your stay into an experience. Whether for a family holiday, a gathering with friends or an intimate celebration, SeiSensi offers the perfect balance of contemporary luxury and Mediterranean serenity.

Private Beachfront Villa Up to 14 Guests Private Events & Celebrations

Bar, Montenegro

+382 68 068 843

info@thill.pro

IG@seisensi.villla

Experience the magic of the Adriatic in Montenegro with Mark Boat Rentals

W. markboatrentals.com

M. +382 69 041 400

E. office@markboatrentals.com

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INTERVIEW

Leading with Purpose: Shaping the Future of Luxury Hospitality in Slovenia INTERVIEW WITH MR. DUŠKO BOŽIĆ, GENERAL MANAGER OF INTERCONTINENTAL LJUBLJANA

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As Slovenia continues to strengthen its position among Europe's most desirable boutique destinations, luxury hospitality plays an increasingly important role in shaping the country's international appeal. Miodrag Spahić, Editor-in-Chief of The Collection magazine, sat down with Duško Božić, General Manager of InterContinental Ljubljana, to discuss the evolution of Slovenia's luxury hotel market, changing guest expectations, the future of personalised hospitality, and why authenticity remains the country's greatest competitive advantage.

Today, InterContinental Ljubljana is one of Slovenia's leading luxury hotels, welcoming a healthy mix of corporate, MICE and leisure guests. Our focus is no longer on building awareness, but on maintaining high service standards and continuously improving the guest experience.

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Q. Miodrag Spahić, The Collection: InterContinental Ljubljana has established itself as one of the leading luxury hotels in Slovenia. What key factors drove its success, and how has the property evolved since its opening? A. Mr. Duško Božić, GM: When we opened in 2017, Ljubljana wasn't yet on the radar for many international luxury travellers or the global MICE market. We had to build awareness not only of the hotel, but of the destination itself. From the beginning, we invested heavily in sales and destination promotion. We spent a lot of time travelling, meeting clients, attending international trade shows and promoting Ljubljana together with the hotel. We worked closely with the Slovenian Tourist Board, the Convention Bureau and local partners because we knew that if people didn't choose Ljubljana, they wouldn't choose our hotel.

Being part of IHG gave us a significant advantage through its global sales network, corporate accounts and loyalty programme. But those opportunities still had to be converted into business by building relationships and consistently delivering on our promises. Over time, those investments paid off. As Ljubljana gained international recognition, the hotel grew alongside it. Today, InterContinental Ljubljana is one of Slovenia's leading luxury hotels, welcoming a healthy mix of corporate, MICE and leisure guests. Our focus is no longer on building awareness, but on maintaining high service standards and continuously improving the guest experience. Q. Ljubljana is increasingly attracting international travellers looking for authentic and sustainable experiences. How do you see the city's tourism landscape developing over the next five years, and what role will luxury hospitality play in that growth? A. Ljubljana is in a very good position today. It has built a strong reputation as a safe, sustainable and authentic destination, while still feeling less crowded than many other European capitals. I think that's one of its biggest advantages. I don't see Ljubljana becoming a mass-tourism destination, nor do I think it should. Its future is in attracting travellers who value quality over quantity—people looking for great gastronomy, culture, nature and authentic local experiences.

Ljubljana is in a very good position today. It has built a strong reputation as a safe, sustainable and authentic destination, while still feeling less crowded than many other European capitals. I think that's one of its biggest advantages. I don't see Ljubljana becoming a mass-tourism destination, nor do I think it should. Its future is in attracting travellers who value quality over quantity—people looking for great gastronomy, culture, nature and authentic local experiences.

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Luxury hospitality has an important role to play. Today's luxury is less about impressive buildings and more about personalised service, attention to detail and helping guests experience the destination in an authentic way. That fits naturally with InterContinental's Inspire Incredible philosophy. Our role is not only to provide an exceptional stay, but also to help guests discover the very best of Slovenia.

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One challenge we still face is air connectivity. Compared to many European cities, direct flight options remain limited. At the same time, this has helped position Ljubljana as an attractive destination for long-haul travellers from markets such as the United States, Australia and increasingly Asia, who are often willing to travel further for a unique experience and typically stay longer. Luxury hospitality has an important role to play. Today's luxury is less about impressive buildings and more about personalised service, attention to detail and helping guests experience the destination in an authentic way. That fits naturally with InterContinental's Inspire Incredible philosophy. Our role is not only to provide an exceptional stay, but also to help guests discover the very best of Slovenia. If we continue investing in connectivity, destination marketing and high-quality hospitality, I'm confident Ljubljana will further strengthen its position as one of Europe's most attractive boutique destinations.

Sustainability has also become an expectation rather than a bonus. More and more travellers want to know that the hotels they choose operate responsibly and contribute to the local community. At InterContinental Ljubljana, we're proud to hold the Green Key certificate while also following IHG's Green Engage sustainability programme. Technology has changed expectations too. Guests want everything to be simple and seamless, but technology should support hospitality, not replace it. Its biggest value is giving our teams more time to focus on the guest. This also reflects InterContinental's Inspire Incredible philosophy. Great luxury hospitality isn't just about the hotel itself—it's about creating memorable experiences and helping guests connect with the destination. At the end of the day, one thing hasn't changed. Genuine care, attention to detail and consistently good service remain the foundation of great hospitality.

Q. As a hospitality leader with extensive international experience, what are the most significant changes you have witnessed in guest expectations over the past decade, particularly in the luxury segment? A. One of the biggest changes I've seen is that luxury has become much more personal. Beautiful hotels, spacious rooms and premium facilities still matter, but they're no longer enough on their own. Guests remember how you make them feel. Today, they expect personalised service. They want us to understand their preferences, anticipate their needs and make every stay feel individual rather than standardised.

Q. IHG continues to invest heavily in technology, loyalty programmes, and guest personalization. Which innovations are currently having the greatest impact on guest satisfaction today, and what future developments are you most excited about? A. Technology is having the biggest impact when it makes the guest experience simpler and more personal without taking away the human element. IHG One Rewards is a great example. It helps us better understand our guests, recognise their preferences and deliver a more personalised stay. Today, people expect more than rewards—they want to feel recognised and valued.

Looking ahead, I believe artificial intelligence and better use of guest data will help us deliver even more personalised service. Not because they will replace hospitality, but because they will help us anticipate guest needs and allow our teams to spend more time with guests instead of on administrative tasks Hospitality has always been a people business, and I don't see that changing. Technology should simply help us do that job even better. For me, that's the future of luxury hospitality: using technology to support great service, not replace it. Q. The recent entry of brands such as Minor Hotels signals growing confidence in Slovenia's tourism potential. How do you assess the current state of the luxury hospitality market, and what opportunities and challenges do you see? A. The arrival of international brands such as Minor Hotels is definitely a positive sign for Slovenia. It shows that international investors recognise the country's tourism potential and see opportunities for long-term growth. I believe Slovenia would benefit from having more internationally recognised hotel brands, particularly in the luxury and lifestyle segments. They bring global visibility, strong sales networks and loyalty programmes, helping attract travellers who may not have considered Slovenia before. At the same time, growth has to be carefully managed. Slovenia's greatest strengths are its authenticity, natural beauty and high quality of life, and it's important that future development preserves those qualities. Competition is healthy. It raises standards, encourages innovation and benefits the entire destination. Ultimately, the goal isn't simply to have more hotels, but to continue attracting the right guests while maintaining the quality that Slovenia is known for.

A. I've been living in Slovenia for more than nine years now, and one of the things I enjoy most is that I'm still discovering new places. For such a small country, it offers an incredible variety of landscapes and experiences. Most visitors immediately think of Lake Bled, and it's certainly worth seeing. But if I had to choose, I'd recommend Lake Bohinj. I often go there with my family because it's peaceful, surrounded by the Julian Alps and a great place to switch off and recharge. What I always tell guests is not to rush. Slovenia is small enough that within a couple of hours you can experience the Alps, the Mediterranean coast, the Karst region or the Pannonian plains. Every region has its own character, food and traditions. That's why I always encourage visitors to explore beyond the best-known attractions. Some of the most memorable experiences come from small villages, local restaurants or simply taking a road you hadn't planned to take. Even after more than nine years here, Slovenia still surprises me. I think that's one of the country's greatest strengths.

Technology is having the biggest impact when it makes the guest experience simpler and more personal without taking away the human element. IHG One Rewards is a great example. It helps us better understand our guests, recognise their preferences and deliver a more personalised stay. Today, people expect more than rewards—they want to feel recognised and valued.

ljubljana.intercontinental.com

Q. When you are not working, where do you personally like to spend your time in Slovenia, and which hidden gems would you recommend to discerning travellers visiting the country for the first time? SLOVENIA

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MOLUM HOTEL & RESIDENCES

The new five-star resort returns for its second season in the heart of Dalmatia

Set on Croatia's unspoilt Adriatic coast in Sveti Filip i Jakov, Molum Hotel & Residences is a contemporary luxury retreat designed to balance relaxation, gastronomy, wellness and authentic local experiences. The resort combines elegant hotel accommodation with beautifully appointed private residences, complemented by the Noku Spa, the signature Maisa restaurant, multiple pools, a marina, and curated excursions to nearby national parks and the Kornati Islands. Every aspect of the guest experience has been thoughtfully created to encourage a slower, more meaningful way of travelling while enjoying the very best of the Dalmatian coast. Further elevating its wellness offering, Molum has become the first property in the region to introduce Beau Domaine, the luxury skincare brand co-founded by Brad Pitt, bringing one of the world's most exclusive cosmetic collections to its spa experience. The resort has also joined the prestigious Mr & Mrs Smith collection, a globally recognised network of carefully curated boutique and luxury hotels, confirming its position among the Adriatic's finest new hospitality destinations.

T: +385 23 600 500 WA: +385916396148 E: sales@molumresort.com A: Jadranska cesta 61, Sv. Filip i Jakov, Croatia

PREMIUM CAR SERVICES TRAVEL IN STYLE

The diverse LCS fleet captivates with possibility, featuring a full line of luxurious well-maintained vehicles (luxury Sedans and MPVs). All vehicles in our fleet are late-model (up to 3 years old) and held to the highest standards of safety, maintenance, and presentation. PREMIUM CAR SERVICES by Congress Travel RESERVATIONS: +382 67 080 880 / +382 20 680 860 transfers@congresstravel.me / office.hilton@congresstravel.me OFFICE: HOTEL HILTON PODGORICA, MONTENEGRO www. congresstravel.me

Impressive Croatian Hotels There are few countries that can provide you with unforgettable authentic experiences throughout the year. Croatia is a country that offers just that. The clear blue sea, green pine forests and fragrant vineyards, beautiful pristine nature, picturesque views, and centuries-old palaces and summer houses are timeless, enriching experiences. These are places where you achieve the balance of mind and body, while traces of a thousand-year history invite exploration. Impresia is a collection of impressive Croatian hotels, tastes, sounds, and scents that evoke an amazing feeling. The collection of memories filling minds and hearts with the exquisite glory. These boutique hotels are located in city palaces, vineyards, olive groves, castles or in UNESCO-protected historical city centres. Their luxury is woven into their foundations and architecture, and each of them is a unique expression of a destination, creating a distinct identity. Look at the versatility of one thousand islands embellishing Croatia. Feel the difference between the inland and the coast. Taste the sumptuous richness of food from these gastronomic gems. Feel the authenticity of Croatia within our distinct destinations handpicked for your happiness. 150

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Come, see, discover Croatia and see what Croatia discovers about you. Elevate your stay at Impresia Hotels with Visa. Impresia Hotels welcome Visa Gold, Visa Platinum and Visa Infinite cardholders with a variety of benefits that differ from hotel to hotel. Benefits can include early check-in / late check-out (if available), upgrade upon arrival (if available), welcome drink, free parking, complimentary bottle of wine or fruit basket. In the next three editions of The Collection magazine, we will present the members of Impresia through their cuisine and gastronomic experiences—an element we believe is truly unique and an essential part of every stay. In this edition, we open the doors of the kitchen to five remarkable hotels: Hotel Adriatic, Hotel Bastion, Monumenti Heritage Hotel & Resort, Vestibul Palace, Armerun Heritage Hotel, each offering a distinct culinary story that reflects the soul of its destination.

www.impresiacroatia.com

Hotel Adriatic Riva Pino Budicin 16, Rovinj, Croatia hello@maistra.hr +385 52 808 000 maistra.com/properties/hotel-adriatic

Executive Chef Marijo Mijatović

AUTHENTICITY VS. MODERN TRENDS INGREDIENTS AS THE ANCHOR

Authenticity starts and ends with the product. Instead of chasing global "superfood" trends, we double down on local, micro-seasonal ingredients. Modernity here isn't about changing the flavor, but increasing the precision. For example, we use modern techniques like sous-vide or quick-searing to highlight the raw, original taste of a local vegetable that ancestors used, but with a texture that fits today’s palate.

THE ROLE OF LOCAL INGREDIENTS

Our philosophy is based on "micro-local" ingredients that blend the riches of the Adriatic sea with the fertile Istrian land. Our region, Istria, offers a unique mix of sea and forest that we translate into signature dishes. For example, in our "Story on the Plate" concept, we serve Adriatic sea bass raw (carpaccio) with just a few drops of local olive oil and a pinch of sea salt to highlight the purity of the sea. White fish, like wild sea bass, is prepared "in salt" or oven-baked with local pota-

toes and Mediterranean herbs, evoking traditional family Sunday lunches.

MEMORY AND EMOTION THROUGH FOOD

At the Adriatic Brasserie, the dish that best captures the soul of Rovinj and Istria is undoubtedly our Handmade Pljukanci with Adriatic Scampi and asparagus. This dish is more than just a meal—it is "Istria in a nutshell" on a plate, representing the union of two worlds: blue and green Istria.

TRADITION REINTERPRETED

Our reinterpretation of Octopus with Polenta represents a perfect marriage of robust coastal flavors and contemporary culinary elegance. Traditionally, octopus is slow-simmered with olives, tomatoes, capers, and wine until tender, served alongside thick, yellow polenta. Instead of standard boiled cornmeal, we create a silky cream enriched with butter and aged sheep's cheese. For generations, this dish has symbolized the classic Sunday lunch in Istrian homes.

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Hotel Bastion Bedemi zadarskih pobuna 13, Zadar, Croatia T: +385 23 / 494 950 E: info@hotel-bastion.hr www.hotel-bastion.hr

AUTHENTICITY VS. MODERN TRENDS

For me, authenticity is not about replicating the past, but honoring its essence. At Restaurant Kaštel, we follow culinary trends, but my gourmet philosophy is inspired by traditional Mediterranean cuisine. Understanding the environment and identity of the Dalmatian way of life is hidden behind every dish. Our kitchen serves as a bridge between centuries. While we might look at international trends for presentation and execution, we refuse to let foreign ingredients dilute the local narrative of our region. The excitement on our menu does not come from introducing exotic fusion flavors. Instead, it comes from peeling back the layers of forgotten local recipes and finding unexpected, sophisticated ways to reintroduce them to our guests.

THE ROLE OF LOCAL INGREDIENTS

If I had to choose the true ambassadors of our region, it would be the globally acclaimed Pag Island cheese and lamb, delicious domestic rooster from Zadar hinterland, fresh Adriatic bluefin tuna, sea bass and Adriatic shrimp, local olive oils, and the legendary Maraška cherry. Although we creatively pair them, we always respect the natural purity of these ingredients. For instance, our Mediterranean Ceviche utilizes local raw Adriatic fish paired with citrus and mint, elevating the daily catch. We pair tuna tartare with parsley oil and parsley mayonnaise and the famous Pag lace, which we make from cheese, flour and honey. We source strictly from nearby family farms (OPGs) and local fishermen. This ensures that every plate we serve directly tells the story of the rocky coast, the salty bura wind, and the sun-drenched orchards of the Zadar region.

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MEMORY AND EMOTION THROUGH FOOD

Our cuttlefish ink risotto is the undisputed soul of our coastal heritage. To an outsider, it is a striking, dramatic plate of black silk; to a local, it is the ultimate comfort food, deeply rooted in family Sunday lunches. Lamb sarma is another favorite of our guests. We cook the lamb shank using the sous vide technique to make it completely tender while retaining all the richness of traditional flavors, then wrap it in a kale leaf and bake it. When guests dine on the historic Kaštel terrace, which is placed next to the UNESCO-protected 13th-century Zadar ramparts, tasting this rich, aromatic dishes creates a profound emotional connection. It bridges the physical history of Hotel Bastion with the culinary history of Zadar and it evokes an indelible sensory memory of the Mediterranean that lingers long after they check out.

TRADITION REINTERPRETED

Many traditional recipes carry generations of history. Is there a local dish you reinterpret in your kitchen, and how do you balance respect for tradition with your own culinary creativity? A perfect example is our contemporary take on Dalmatian lamb and our signature Maraška Cheesecake. In our kitchen, we deconstruct these traditional dishes. We apply modern culinary creativity to refine the textures and pair them it with reduction glazes that concentrate the heritage flavors without losing their rustic honesty. The key to balancing respect for tradition with creativity is restraint. I believe a chef must understand the "why" behind a traditional dish before attempting to change the "how". We change the texture, the presentation, and the composition, but the first bite must always taste like a homecoming.

www.impresiacroatia.com

Monumenti Heritage Hotel & Resort Ul. Vallelunga 89, Pula, Croatia info@hotelmonumenti.com +385 52 520 300 hotelmonumenti.com

Executive Chef Franko Mocko

AUTHENTICITY VS. MODERN TRENDS

For me, authenticity has always been the foundation of good cooking. Every chef develops a personal style, but it should always remain connected to the place, the ingredients and the traditions that have shaped the local cuisine. We all learn from new techniques and contemporary presentation, but I have always believed that trends should complement authenticity, never replace it. At Monsapori, we focus on expressing the character of Istria through a contemporary Mediterranean approach. Whether we are working with freshly caught Adriatic fish, seasonal vegetables or exceptional Istrian olive oil, our goal is always the same: to respect the ingredient first. If guests leave our restaurant feeling they have truly tasted Istria, then we have achieved exactly what we set out to do.

THE ROLE OF LOCAL INGREDIENTS

One of the greatest privileges of cooking in Istria is having access to ingredients recognised far beyond Croatia. White and black truffles, wild asparagus, Boškarin beef, handmade pljukanci, Kvarner scampi, Adriatic fish, premium olive oil, Malvazija and Teran are much more than outstanding products – they represent the culture, history and identity of this region. We work closely with local fishermen, farmers, olive growers and winemakers, allowing us to create menus that change naturally with the seasons. Our role is not to overshadow these ingredients but to reveal their full potential.

MEMORY AND EMOTION THROUGH FOOD

I have never believed that one signature dish alone can define a restaurant. Guests remember the atmosphere, the conversations around the table, the service and, above all, how the food made them feel. At Monsapori, every menu tells the story of the Mediterranean through the lens of Istria. Whether it is fresh Adriatic seafood, handmade pasta with seasonal truffles or desserts inspired by local citrus, herbs and olive oil, every dish contributes to a wider story. I want our guests to leave not simply having enjoyed an excellent meal, but carrying with them a genuine memory of Istria and their stay at Monumenti Heritage Hotel & Resort.

TRADITION REINTERPRETED

Every traditional recipe reflects the people, landscape and ingredients that shaped it. My approach is to preserve its essence while presenting it in a way that feels contemporary and refined. Modern techniques are valuable when they enhance flavour, texture or presentation, but they should never overshadow the ingredient itself. I also believe that the future of Croatian gastronomy depends on finding the right balance between preserving our culinary heritage and presenting it with the confidence and standards expected by an international audience. Finally, there is one thing I have learned throughout my career: no chef succeeds alone. Every service, every menu and every memorable dinner is the result of teamwork. I am incredibly proud of what we have achieved together at Monsapori, and I owe a great deal to every member of my team. Their commitment, professionalism and passion are behind every experience we create for our guests, and for that, they have my deepest respect.

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Vestibul Palace Iza Vestibula 4, Split, Croatia info@vestibulpalace.com +385 21 329 329 vestibulpalace.com

AUTHENTICITY VS. MODERN TRENDS

At MAGNUS, authenticity is in the walls themselves before it's anything on the plate — we sit inside actual Roman stone, under a glass roof that lets the ancient and the contemporary look directly at each other. Our menu works the same way. A dish like our Ravioli Magnus takes something everyone recognizes — homemade pasta — and fills it with veal and duck, lifted with cauliflower cream and fresh black truffle. Nothing about that is a trend chasing relevance; it's simply refinement applied to something Dalmatian tables have always known. Trends move through Split like ships through the harbour. What stays is the stone, and the technique in service of it.

THE ROLE OF LOCAL INGREDIENTS

Our menu is essentially a map of the region. Pag Island cheese finishes our Paccheri in a traditional homemade tomato sauce. Crljenak — the old indigenous variety, ancestor of Zinfandel — reduces into the sauce for our lamb. Adriatic tuna, anchovies, and fish roe carry the coast onto the plate; bresaola, walnuts, and olives from the hinterland carry the inland onto another, in our Diocletian's Salad. Even by the glass, our wines are regional — Pošip and Plavac Mali from Skaramuča, a sparkling Kota 267 to open the evening. None of it is imported for effect. It's what grows and swims within reach of these walls.

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TRADITION REINTERPRETED

We don't treat any dish here as untouchable, but we don't change anything without reason either. Our Paccheri with Tomato and Pag Cheese keeps its traditional homemade sauce exactly as it should taste — simple, slow, tomato-forward — and simply lets Pag Island cheese speak for the region instead of a generic Parmesan. Small choice, but it changes where the dish is from. That's our whole approach in one plate: respect the base, let one local detail carry the story forward. If a dish stops tasting like it belongs to Split and these islands, we've gone too far — and we don't.

A FINAL DETAIL

Before any of it begins, there's the couvert — homemade bread and olive oil, nothing more. It's a small gesture, almost silent, but it sets the tone for everything after: nothing at MAGNUS arrives to impress on its own, it arrives because it belongs. By the time the last course is cleared, that first quiet bite is usually the one guests mention they'll remember.

www.impresiacroatia.com

Armerun Heritage Hotel Obala palih omladinaca 6, Šibenik, Croatia sales@armerun.com +385 99 711 9997 armerun.com/hotel-sibenik

AUTHENTICITY VS. MODERN TRENDS

At Buta, authenticity is not about recreating traditional recipes exactly as they once were. It is about preserving the spirit of Šibenik and the Mediterranean way of life while presenting it through a contemporary culinary lens. As part of Armerun Heritage Hotel, every experience is guided by our philosophy of "Moments Collected", creating meaningful memories through thoughtful details, genuine hospitality and a strong sense of place. Our menu follows the rhythm of the city, from slow, artisan breakfasts by the waterfront to evenings built around sharing plates, sushi, wine and conversation beneath the historic Bilinić Arch. While contemporary Asian influences are an important part of Buta's identity, we remain deeply connected to Dalmatia through our ingredients, our relaxed approach to dining and the atmosphere we create. For us, modern cuisine and local identity are not opposites; they enrich one another when they are rooted in authenticity.

TRADITION REINTERPRETED

Our interpretation of tradition is subtle rather than literal. Instead of reinventing individual Dalmatian recipes, we reinterpret the Mediterranean culture of gathering around the table where meals are shared, conversations last longer and the best ingredients are allowed to shine. This philosophy fits naturally within Armerun Heritage Hotel, where heritage is not viewed as something static but as something to be experienced and lived. We combine local ingredients, contemporary techniques and international influences to create dishes that feel both familiar and unexpected. Respecting tradition, for us, means preserving its values: simplicity, seasonality, generosity and genuine hospitality while creating new moments that today's travellers will remember long after they leave Šibenik.

THE ROLE OF LOCAL INGREDIENTS

Šibenik is surrounded by exceptional producers, and the quality of local ingredients allows us to tell the story of the region in a fresh and contemporary way. Extra virgin olive oil, Adriatic fish and seafood, seasonal vegetables, aromatic Mediterranean herbs, figs, almonds and regional cheeses all reflect the character of Dalmatia. At Buta, even dishes inspired by Japanese techniques or contemporary sharing concepts are grounded in the flavours of our destination whenever it feels natural. This approach reflects the philosophy of Armerun Heritage Hotel - celebrating the uniqueness of Šibenik through carefully curated experiences. Every ingredient becomes part of a larger story that connects guests with the sea, the landscape and the local community.

MEMORY AND EMOTION THROUGH FOOD

Rather than one signature dish, we believe the most memorable experience at Buta is the journey throughout the day. It begins with a leisurely artisan breakfast overlooking the Šibenik waterfront, continues with handcrafted sushi and refined mezze designed for sharing, and ends with a glass of Croatian wine beneath the historic Bilinić Arch. This progression captures the essence of our destination, unhurried, social and connected to the sea. It is this atmosphere, together with carefully prepared food and genuine hospitality, that guests remember long after their visit.

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SHOPPING

PREMIUM SHOPPING DESTINATION PORTO MONTENEGRO Curated by FAB Set against the UNESCO-protected Bay of Kotor, Porto Montenegro has become one of the Mediterranean's foremost luxury destinations. Centred around a worldrenowned superyacht marina, it has evolved into a vibrant waterfront community, bringing together luxury residences, five-star hospitality, exceptional dining and a year-round calendar of cultural events. Home to Regent Porto Montenegro and SIRO Boka Place, the destination offers a complete luxury lifestyle experience that extends far beyond the marina itself. Alongside its hospitality and residential offering, Porto Montenegro continues to expand its luxury retail portfolio,

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welcoming an ever-growing collection of internationally renowned fashion houses, fine jewellery boutiques, beauty destinations and lifestyle brands. Today, it offers the region's most prestigious luxury shopping experience, attracting an international clientele and setting the benchmark for premium retail across the Western Balkans. The following store selection is part of an ongoing editorial series highlighting the region's leading shopping destinations, curated by FAB - a print magazine and digital platform powered by The Collection, specialising in fashion, art and beauty.

PREMIUM SHOPPING / / PORTO MONTENEGRO

FAB (Fashion, Art & Beauty) is a print magazine and digital platform powered by The Collection, specialising in fashion, art and beauty across the Western Balkans.

FAB (Fashion, Art & Beauty) Editor-in-Chief: Zina Pusep www.thecollectionfab.com @thecollectionfab

EXPLORE MORE Porto Montenegro | Tivat www.portomontenegro.com @porto_montenegro

• Shopping Guides • • Magazine Editions • • Latest Stories •

S H O P P I N G F E AT U R E

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FASHION MULTI-BRAND & MONO-BRAND STORES

FASHION GALLERY

MARELLA X MARINA RINALDI

WOMEN & MEN

WOMEN

Balenciaga, Dolce&Gabbana, Fendi, Givenchy, Jacquemus, Mach & Mach, McQueen, Mykita, Linda Farrow, Off-White, Saint Laurent, Valentino, Versace and Zimmermann.

From contemporary tailoring to everyday essentials, Marella and Marina Rinaldi offer sophisticated Italian fashion with a focus on quality and timeless design.

Tara Residences | Porto Montenegro @fashiongallery.me www.fashiongallery.me | online shop www.fashionporto.com

Park Garden | Porto Montenegro @marella_montenegro @marinarinaldi_montenegro

OLYMPUS FASHION BOUTIQUE

GLOBAL FASHION

WOMEN & MEN

Multi-brand store with a selection of iconic designers, all under one roof, including Alaïa, Brunello Cucinelli, Loewe and The Attico,

The latest addition to Porto Montenegro's retail portfolio, with Brunello Cucinelli, Bottega Veneta and Zegna.

Milena Residences | Porto Montenegro @olympus.montenegro www.olympusfashion.me

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Porto Montenegro globalfashion.official globalfashion.rs

PREMIUM SHOPPING / / PORTO MONTENEGRO

FASHION

CELINE WOMEN & MEN

The French luxury house offers ready-to-wear, handbags, footwear and accessories distinguished by understated Parisian elegance. Milena Residences | Porto Montenegro @olympus.montenegro www.olympusfashion.me

ELISABETTA FRANCHI WOMEN

Known for sophisticated Italian womenswear, Elisabetta Franchi presents elegant ready-to-wear, eveningwear, handbags, footwear and accessories. Elena Residences | Porto Montenegro @samms.me www.samms.me

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WATCHES & JEWELLERY MULTI-BRAND & MONO-BRAND STORES

BULGARI

EXCELSIOR

WOMEN & MEN

The iconic Italian maison presents its renowned jewellery collections, watches and accessories, celebrated for exceptional craftsmanship.

Luxury watch and jewellery boutique representing prestigious maisons including Cartier, Chopard, Hublot, Zenith, Omega and IWC.

Blaža Jovanovića 1 (Hotel Regent) | Porto Montenegro @jewelry.portomontenegro www.bulgari.com

Ozana Residences | Porto Montenegro @excelsiorportomontenegro www.excelsiormontenegro.com

LEANDRO JEWELRY & WATCHES ROLEX PETITE GENÈVE PETROVIĆ WOMEN & MEN

WOMEN & MEN

Luxury jewellery and watch boutique offering renowned brands including Damiani, Longines, Montblanc and Rado.

The world's most recognised Swiss watchmaker, renowned for iconic collections combining innovation, precision and timeless craftsmanship.

Zeta Residences | Porto Montenegro @leandro.official_

Hotel Regent | Porto Montenegro @petitegeneve_portomontenegro

www.leandro-stores.com

www.petitegeneve.com

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PREMIUM SHOPPING / / PORTO MONTENEGRO

INTERIOR DESIGN

A&A INTERIOR GALLERY DESIGN BUREAU & TOP BRANDS SHOWROOM

BRANDS F U R N I T U R E : B a x te r , L i v i n g Divani, Cassina, Rugiano, S a l d a , A n n i b a l e Co l o m b o , M e d e a , G e r v a s o n i , K a r te l LIGHTING: United Alabaster, Catellani & Smith, Contardi, Nemo, Il Paralume Marina, Villari, Sigma L2

A&A Interior in Porto Montenegro combines architectural expertise with exquisite collections of world-renowned furniture brands. We create harmonious interior solutions tailored to the aesthetics of life on the Adriatic coast. Our team brings projects of any scale to life, highlighting the unique character of every space.

TEXTILES & DECOR: Missoni, Mastro Raphael, Etro, Rubelli, Dedar Milano, Pinetti KITCHENS & WARDROBES: L’Ottocento, Barausse, Castagna Cucune, Lithos Design, Composit, Caccaro and more

Regent Pool Club Residences Aqua | Porto Montenegro @aainterior.me www.aainterior.me +38267135965 | office@aainterior.me

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THE GOOD LIFE

In the Rhythm of the Island. Sustainable wellbeing begins with a single step. Experience Lanserhof Sylt with a Pure Stay from two nights or one of our Longevity Programmes from four nights.

Book online at

LANSERHOF.com

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LIFESTYLE, ART & EDUCATION

The Return Of Gold & Steel: Bvlgari’s Avant-Garde Language THE MAISON REVIVES A DISTINCTIVE CHAPTER OF ITS DESIGN HISTORY, WITH THE PIONEERING ENCOUNTER OF PRECIOUS GOLD AND STEEL. FROM THE SCULPTURAL POWER OF B.ZERO1 TO THE SINUOUS MASTERY OF BVLGARI TUBOGAS, THE NEW CREATIVE LAUNCH UNFOLDS AS A VISIONARY DIALOGUE BETWEEN HERITAGE AND CONTEMPORANEITY.

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Steel reinforces the design’s architectural strength, drawing from the rhythm of Rome’s ancient columns, while gold brings warmth and definition. Designed for everyday wear, the new rings feature a slim, streamlined profile that highlights steel’s lightness, ensuring comfort and effortless versatility.

ith Gold & Steel, Bvlgari redefines one of its most radical and defining creative territories: the combination between precious gold and stainless steel, that has shaped the brand’s avant-garde language since the 1970s. This bold material fusion finds new expression through two B.zero1 rings, conceived for lightness, comfort and everyday wear in two and four-band versions, alongside with a Bvlgari Tubogas jewelry set and striking High Jewelry creations, as well as the Serpenti Tubogas Studs Capsule watch collection. Long celebrated for their experimental spirit, distinctive aesthetics and ingenious craftsmanship, with this striking material interplay the two Maison’s signatures continue to bridge heritage and modernity, reaffirming their status as ever-evolving icons.

BZERO.1: CONTEMPORARY DESIGN & EVERYDAY WEARABILITY

B.zero1 introduces two rings, a four-band and a two-band version, crafted in steel and framed by yellow-gold outer edges. Once again, the compact space of the B.zero1 ring becomes a field for experimentation: the iconic spiral finds its identity expression through contrast, capturing the idea of perpetual motion within a sculptural form. Steel reinforces the design’s architectural strength, drawing from the rhythm of Rome’s ancient columns, while gold brings warmth and definition. Designed for everyday wear, the new rings feature a slim, streamlined profile that highlights steel’s lightness, ensuring comfort and effortless versatility. Their stackable design allows them to be worn alone or layered, seamlessly integrating within the unique B.zero1 universe and inviting personal styling through endless mix-and-match possibilities. Born in 1999 to defy conventions, B.Zero1 continues to evolve while remaining unmistakably true to itself.

BVLGARI Boutique Tivat Porto Montenegro Blaza Jovanovica 1, T: +382 32 670 209

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AN ICONIC VISION OF GOLD & STEEL IN WATCHMAKING

The Serpenti Tubogas Studs Capsule collection carries forward the Gold & Steel vision into watchmaking, presenting a sculptural timepiece: the legendary Serpenti silhouette embraces the flexible Tubogas bracelet, now enriched by the Stud motif inspired by Bvlgari’s jewelry codes. With this limited edition of 4 watches, the collection explores the expressive tension between gold and steel, enhancing the watch’s fluid architecture with precious details, diamonds stone dials and mother-of-pearl. Through Gold & Steel, Bvlgari reaffirms its ongoing spirit of innovation, through a contemporary, timeless creative expression. Bulgari.com

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BELGRADE’S DISCREET DESIGN SANCTUARY In the heart of Belgrade, just moments from Knez Mihailova Street and Kalemegdan Fortress, Square Nine Hotel stands as the city’s most refined expression of contemporary luxury. Designed by acclaimed Brazilian architect Isay Weinfeld, the award-winning hotel is conceived as an oasis of style, intimate, elegant and deeply connected to the spirit of Belgrade. Its interiors bring together original mid-century furnishings, warm wood paneling, carefully selected art and a quiet residential atmosphere that feels both international and personal. Each of the hotel rooms and suites is individually appointed, combining comfort, privacy and understated sophistication. From the calm rhythm of the lobby and the hotel’s elegant dining spaces to the serene wellness sanctuary with its naturally lit 18-metre pool, Square Nine is designed for guests who appreciate detail, discretion and a slower kind of luxury. As a member of The Leading Hotels of the World, Square Nine continues to define Belgrade hospitality through impeccable service, thoughtful design and a distinctly personal guest experience. A hotel with the soul of a private residence. A Belgrade address for those who know. WELCOME HOME!

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BEEFBAR BELGRADE ARRIVING THIS FALL AT SQUARE NINE HOTEL

Square Nine Hotel welcomes Beefbar Belgrade, bringing the internationally acclaimed concept to Serbia for the first time and marking its first address in the Balkans. Born in Monte Carlo and present in some of the world’s most sought-after destinations, Beefbar redefines the traditional steakhouse through premium ingredients, bold flavours, contemporary design and a relaxed international spirit. Set within Square Nine Hotel, Beefbar Belgrade will introduce a new dining destination for hotel guests, Belgrade’s culinary audience and international visitors.

A NEW CHAPTER FOR SQUARE NINE. A NEW DINING DESTINATION FOR BELGRADE. OPENING THIS FALL! 171 SLOVENIA

ADVERTORIAL

Technogym Reform: design and performance revolutionize Pilates

TECHNOGYM INTRODUCES DESIGN INTO THE WORLD OF PILATES, FOR A UNIQUE, EXCLUSIVE AND INTUITIVE TRAINING EXPERIENCE

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LIFESTYLE, ART & EDUCATION ADVERTORIAL

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Technogym Reform is the innovative product that redefines the Pilates experience and combines technological innovation and style, based on Technogym's 40 years of experience in wellness design and over 60 design awards.

echnogym Reform – developed in collaboration with the world's best instructors stands out for being intuitive and versatile, making Pilates accessible and effective for users of all levels, from beginners to experts. Thanks to quick and intuitive adjustments, the product ensures optimal body control, keeping concentration high and allowing fluidity in the transition between exercises. The various components such as headrest, shoulder pads, foot bar and springs are designed to allow quick and easy adjustment and limit interruptions. The elegant, finely detailed design and unique style, available in 2 colour versions – Sand Stone and Pearl Grey - elevate the aesthetics of any environment, making the Technogym Reform a true piece of furniture, also ideal for the home. Made from innovative and eco-friendly materials such as wood, aluminum and vegan leather, the

Technogym Reform reflects the company's commitment to sustainability without compromising performance. Its high-performance marine ropes offer stability and durability, while the ergonomic design maximizes comfort and functionality. On the Technogym App, on-demand videos, curated for every fitness level and goal, offer a guided, immersive and connected Pilates experience available anytime, anywhere: at home, in the gym, at the hotel or on the go. Pilates, a discipline developed in the 1920s by Joseph Pilates, aims to improve strength, flexibility and posture through controlled movements and deep body awareness. Over the years, this discipline has evolved and spread and is now a great success among people of all ages and fitness levels, thanks to its many benefits: from improving athletic performance and flexibility to strengthening muscles and preventing and recovering from injuries. Choosing Technogym Reform means living the Pilates experience with a training solution that combines design and maximum functionality.

The various components such as headrest, shoulder pads, foot bar and springs are designed to allow quick and easy adjustment and limit interruptions. The elegant, finely detailed design and unique style, available in 2 colour versions – Sand Stone and Pearl Grey - elevate the aesthetics of any environment, making the Technogym Reform a true piece of furniture, also ideal for the home. 174

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On the Technogym App, on-demand videos, curated for every fitness level and goal, offer a guided, immersive and connected Pilates experience available anytime, anywhere: at home, in the gym, at the hotel or on the go.

VISIT US IN: Porto Montenegro Park Garden, +382 69 306965 Belgrade Tadeuša Košćuška 63, +381 11 328 3323 Zagreb Ilica 104, +385 1 551 6492 Ljubljana Bravničarjeva 13, +386 8 2000 822 Sarajevo Skenderija 43, +387 61 322 855 www.technogym.com

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WELLNESS ABOVE THE CLOUDS.

Hotel Hubertus, Dolomites, Italy

In the heart of the Dolomites, spring marks a time of renewal - when the hotel’s holistic wellness concept unfolds its full effect. Nine indoor and outdoor pools, nine saunas, spacious relaxation areas, and a light-filled panoramic fitness room create ideal conditions for mindful regeneration and lasting relaxation.

The wellness experience is further enhanced by two exceptional natural retreat spaces: Alpenreych and Hubertus Park. Spanning around 7,000 square metres, these tranquil landscapes follow the rhythm of nature and offer space for slowing down, mindfulness, and conscious movement.

At the architectural heart of the spa experience is the floating wellness platform Sky Spa Heaven & Hell, whose spectacular design opens new perspectives - both onto the surrounding mountain landscape and inward toward oneself. The 25-metre Sky Pool appears to hover above alpine meadows, where water, sky, and mountain peaks merge into a single horizon. A place where freedom becomes tangible, while remaining part of a harmonious overall concept.

Throughout the year, the hotel also offers a diverse programme of guided indoor and outdoor activities. In both summer and winter, guests can join experiences such as guided hikes, yoga sessions, and mindful movement in nature - inviting them to explore the Dolomites actively while reconnecting with body and mind.

Soothing warmth, gentle transitions between indoor and outdoor spaces, and thoughtfully designed retreat areas define the spa world, complemented by selected treatments using alpine herbs that subtly harness the restorative power of nature.

T: +39 0474 59 21 04

On a culinary level, the nature-detox experience is completed in the hotel’s panoramic restaurant. The cuisine combines alpine lightness with refined flavours rooted in regional traditions and inspired by the seasons. As a sustainable family-run hotel, Hubertus embraces a responsible relationship with nature and resources - shaping a retreat where nature, well-being, and authenticity can be experienced in every moment.

E: info@hotel-hubertus.com

W: hotel-hubertus.com

SUMMER PRIVILEGE M A S T E R C A R D P L AT I N U M C A R D

EXCLUSIVE LIFESTYLE WORLDWIDE PRIVILEGES PREMIUM CONCIERGE MAXIMUM SECURITY

Contact:

Phone: +382 (0) 77 700 235 Porto Montenegro Branch, Teuta Residences

ADVERTORIAL

Born to Innovate. Built to Inspire.

H-FARM INTERNATIONAL SCHOOL VENICE IS WHERE INNOVATION MEETS EDUCATION - AND WHERE THE NEXT GENERATION IS LEARNING TO SHAPE THE WORLD, NOT JUST INHERIT IT.

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LIFESTYLE, ARTADVERTORIAL & EDUCATION

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There are schools that prepare children for the world. And then there are schools that give children a world of their own to explore. H-FARM International School Venice - set on a 51-hectare campus in the Veneto countryside and born inside one of Europe's most celebrated startup ecosystems - belongs firmly in the second category.

"We do not educate children merely to make them efficient, adaptable or employable. We educate them so that they may attend more fully to the world." Emiliano Cori, Head of School, H-FARM International School

amed one of 25 Schools to Watch globally by Carfax Education in 2025, recognised as an Apple Distinguished School, and certified LEED Gold for environmental sustainability, H-FARM International School Venice has built a reputation that travels well beyond the boundaries of Italy. Its students hold passports from over 50 nationalities. Its faculty hold IB certifications and training credentials from MIT, The Juilliard School and King's College London. And its graduates - 88% of whom go on to their first-choice university - leave with more than a diploma. They leave with a worldview.

CURRICULUM: THE IB AND BEYOND

At the heart of H-FARM is the International Baccalaureate Continuum - one of the world's most respected educational frameworks, running uninterrupted from Primary Years Programme (PYP) through Middle Years Programme (MYP) to the IB Diploma. It is a curriculum designed not merely to transmit knowledge, but to cultivate the habits of mind that define lifelong learners: inquiry, critical thinking, international-mindedness, and the ability to connect ideas across disciplines.

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The results speak for themselves. In the most recent IB Diploma session, 1 in 4 H-FARM students achieved a score of 40 points or above - three times the global average - with a pass rate of 90%, well above the worldwide benchmark. These are not marginal improvements. They are the product of a curriculum culture that refuses to separate ambition from care.

THE HUMAN+ CURRICULUM: WHERE IB MEETS ARTIFICIAL INTELLIGENCE

But it is in the space beyond the standard IB framework that H-FARM distinguishes itself most sharply. The school has developed HUMAN+, a proprietary curriculum that integrates AI literacy - from machine learning and robotics to generative AI and digital ethics - across every subject and every year group, from Primary through to the Diploma. The ambition is not to produce coders. It is to produce people who understand what artificial intelligence can and cannot do, who can work with it critically, and who are not afraid to ask what it should be used for. The conviction that drives HUMAN+ is a humanistic one: AI education is not primarily a technical undertaking, it is a question of values. Theory of Knowledge runs as a thread through the entire framework, inviting students to interrogate the nature of machine intelligence rather than simply operate it. When Federico Faggin - inventor of the world’s first microprocessor and a returning guest at the school - told students that a computer can imitate understanding but will never truly understand, because understanding comes from experience and

feeling, he was articulating exactly what HUMAN+ is built on: technology amplifies the human, it does not replace it. The spaces that support this ambition match its scale. The Quantum Lab, opening in September 2026, will be among the most advanced AI learning environments in any Italian school - a dedicated facility where students train robots, develop AI models and build intelligent devices, extending an infrastructure that already includes Maker Spaces, Design and Technology laboratories, VR environments, and a partnership with MIT that brings selected teachers to Cambridge each year for specialist training. The proof is in what students actually do. One student won the NASA Space Apps Challenge with a Convolutional Neural Network built entirely from scratch - code, architecture and the underlying mathematics. Others compete internationally in robotics, at Robomed in Lisbon and in the school’s own RoboQuest competition. These are not exceptional cases. They are the natural output of a school that has decided, with some seriousness, that the children sitting in its classrooms today will inherit an AI-shaped world - and that the least it can do is make sure they are ready to shape it back. "We do not educate children merely to make them efficient, adaptable or employable. We educate them so that they may attend more fully to the world." Emiliano Cori, Head of School, H-FARM International School

THE MYP: A FIVE-YEAR JOURNEY TOWARDS INDEPENDENT THINKING

Within the Middle Years Programme, learning builds through five deliberate milestones: Science Fairs in MYP1-2, the H-Assessment in MYP3, the Startup Lab in MYP4, and the Personal Project in MYP5 - a year-long independent inquiry that marks the culmination of five years of developing as a thinker and communicator. The Startup Lab is the centrepiece of MYP4: over a year, teams take a real-world problem from market research to financial model, culminating in DEMO NIGHT - a live pitch to families, industry mentors and community members.

THE DIPLOMA PROGRAMME: TWO YEARS THAT DEFINE WHAT COMES NEXT

The IB Diploma Programme at H-FARM is built to be demanding, without apology. Students pursue a full range of Higher and Standard Level subjects, an Extended Essay, Theory of Knowledge and a structured CAS programme - and from September 2026 may also opt for the American High School Diploma, opening a wider range of US university destinations. For students predicted 36 points or above, H-FARM runs H-ELEVATE: a mentorship programme pairing each student monthly with a rotating group of mentors - the Head of DP, Career Guidance Counsellor, Subject Leaders, CEO and high-achieving alumni - to work through a Personal Success Plan covering academic goals, university targets and well-being. I TA LY

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H-FARM International School Venice has built a reputation that travels well beyond the boundaries of Italy. Its students hold passports from over 50 nationalities. Its faculty hold IB certifications and training credentials from MIT, The Juilliard School and King's College London. And its graduates - 88% of whom go on to their first-choice university leave with more than a diploma. They leave with a worldview.

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The premise is one that international education rarely states plainly: that the most ambitious students are also the most pressured, and that outstanding results require outstanding support. In DP1, the focus is on building foundations - university research, Extended Essay development and sustainable study habits. In DP2 it shifts to execution: exam preparation, application strategy and the transition to higher education, guided by the conviction that a student who feels genuinely known will consistently outperform one who is simply taught well.

COLLEGE PREPARATION: GETTING IN - AND GETTING IT RIGHT

University guidance at H-FARM International School Venice is not an add-on that begins in the final year of the Diploma Programme. It is a continuous, school-wide commitment that runs from the first days of MYP and deepens year by year into a sophisticated, personalised service. The results speak clearly. The Class of 2026 received 174 offers from 110 universities across 14 countries and 4 continents - with 80.6% of decided applications resulting in an offer. Destinations include UCL, LSE, King’s College London and Imperial College in the UK; NYU, UC Davis and Purdue in the United States; Bocconi and Maastricht in Europe; NUS, Waseda and the University of Tokyo in Asia; and universities in Australia, among many others - the product of applications built with precision alongside the school’s Career Guidance team across both years of the Diploma.

Above all, the college preparation philosophy at H-FARM is grounded in a conviction that a great university application is the natural expression of a great education - not a separate exercise bolted on at the end. Students who have grown up in an environment where building a startup is a real option from the age of 14, who have presented to researchers and entrepreneurs, who have led conservation projects in the Maldives, and who have engaged with UN delegates in New York arrive at the university application process with stories worth telling.

CAMPUS LIFE: A WORLD WITHIN A WORLD

To understand H-FARM International School Venice, it helps to understand what it means to be born inside H-FARM. Founded in 2005 as one of Italy's first startup incubators and venture funds, H-FARM has since grown into one of Europe's most significant innovation ecosystems - a campus-wide community of companies, researchers, educators and entrepreneurs who share the same roads, the same cafés and, increasingly, the same classrooms as the school's students. For the 738 students who come to school here from more than 50 countries, that context shapes everything. Entrepreneurship is not a subject; it is a daily encounter with the professionals, researchers and founders who share the same campus - a culture of curiosity and making that the school carries in its DNA. Language is part of that identity. Nearly 90% of H-FARM students speak at least one language in addition to English - Italian, Chinese, Russian, Spanish, French, German, Portuguese, Bulgarian and

Ukrainian are heard daily in classrooms, corridors and on the campus lawns. This is not incidental diversity; it is a deliberate pedagogical choice. At H-FARM, multilingualism is treated not merely as a practical skill but as a way of knowing: moving between languages means moving between worldviews, and students who do so develop a cognitive and cultural fluency that no monolingual education can replicate. English Language Specialists co-teach across the curriculum from Early Years through to the Diploma, supporting students to think and express themselves with precision in more than one tongue. Set across 51 hectares designed by Zanon Architetti Associati, the campus includes a building by Pritzker Prize-winner Richard Rogers and a bistro by Philippe Starck. It holds LEED Gold v3 certification, and is carbon neutral. The sports facilities rival those of dedicated academies - tennis, padel, football, basketball, volleyball, calisthenics, BMX and mountain bike tracks, skateboarding and full track-and-field - with adaptive timetables available for student-athletes pursuing high-performance careers alongside their IB studies.

And some students are not waiting to be asked. Zara and Ashton, two H-FARM students, co-founded Hidden Plastic - a youth-led environmental organisation that has represented young voices at the UN Global Plastics Treaty negotiations in Paris, Ottawa, Busan, Geneva and Nairobi. Among the youngest delegates ever present at these forums, they are living proof that the school's promise - to shape a generation that will change the world - is not rhetoric. It is a record. H-FARM International School Venice offers something that is increasingly rare in international education: a school that is unapologetically itself. Not a replication of another system, not a copy of a successful template, but an institution with a genuine identity - innovative, ambitious, warm and deeply rooted in a community that believes education has the power to change the world. For families across Europe looking for a school that takes that belief seriously, it is worth paying attention. H-FARM International School Venice · Via Olivetti 1, 31056 Roncade (Tv), Italy · schools.h-farm.com/en

The Startup Lab is the centrepiece of MYP4: over a year, teams take a realworld problem from market research to financial model, culminating in DEMO NIGHT - a live pitch to families, industry mentors and community members.

BOARDING: HOME AWAY FROM HOME

H-FARM offers BSA-accredited boarding for 224 students - the only full residential offer in the Veneto region - built on a pastoral care model with dedicated Boarding Parents and a Wellbeing Department staffed by qualified psychologists offering counselling, workshops and crisis support. Beyond the Classroom: From the Venetian Lagoon to the United Nations The experiential learning programme at H-FARM is rooted in a simple conviction: that the most powerful classroom is the world itself. The school’s signature experience is the Coral Restoration Project in Feridhoo, Maldives - a week-long expedition developed in partnership with Coral Restoration Feridhoo and the University of Padova that puts students to work as genuine participants in marine conservation, not as tourists. They monitor coral health in dedicated nurseries, conduct beach cleanups, catalog fish species and come face to face with Thilafushi - the infamous “Trash Island” - where the scale of microplastic pollution in one of the world’s most pristine-seeming environments becomes impossible to look away from. Students leave the Maldives not with a certificate but with a reckoning: a firsthand understanding of what environmental degradation actually looks like, and a personal stake in doing something about it. Several have returned. Closer to home, the school’s three-path travel programme - Roots, Horizon and Discovery - takes students to Athens, Milan, Trieste and the Venetian lagoon, using the surrounding territory as a living classroom. The Inspirational Talks programme brings global leaders directly to campus, from Federico Faggin to two-time Formula One World Champion Emerson Fittipaldi. And through the Nord Anglia network, students have access to further global expeditions - including a Citizenship Expedition in Arusha, Tanzania and a Personal Challenge Expedition in the Swiss Alps - as well as the UNICEF Global Challenge, which opens the doors of the High-Level Political Forum at the United Nations in New York to selected students each year. I TA LY

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WHERE BUSINESS MEETS PLEASURE

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REAL ESTATE & INVESTMENTS DATA STORY

AI 37

192 DATA STORY

AI IS SET TO TRANSFORM HOW WE LIVE AND WORK. WHAT DOES THIS MEAN FOR REAL ESTATE? 190

Paul Tostevin

Connor Chilton

Director, Associate, @THECOLLECTIONMAGS World Research World Research

206

C R O AT I A

191

DATA STO RY

AI 37

DATA STORY

AI IS SET TO TRANSFORM HOW WE LIVE AND WORK. WHAT DOES THIS MEAN FOR REAL ESTATE? Paul Tostevin Director, World Research

Connor Chilton Associate, World Research

IMPACTS.SAVILLS.COM

REAL ESTATE & INVESTMENTS

The developing AI landscape

AI’s impact on different job types will vary Occupational exposure to AI-driven disruption (%) No exposure

Minimal exposure

Low exposure, high task variability

Moderate exposure, mixed task variability

Significant exposure, high task variability Highest exposure, low task variability

100% 90%

Share of jobs in occupation group

he adoption of AI has grown rapidly since OpenAI launched ChatGPT, the first massmarket large-language model, in late 2022. While the technology is still in its infancy, its effects on productivity and labour markets are starting to be felt. Regulators around the world are also considering how to respond. Real estate is already experiencing AI’s impact: data centres are enjoying an investment boom. This is driven in part by record hyperscaler spending, for which the US has been the major recipient. There are also knock-on effects for logistics, with Europe alone expected to see an additional 8.5 million sq ft of demand for supporting warehousing space over the next three years. Longer term, the implications for the industry are less certain. But if the current pace of uptake and technological development continues, AI could have a transformative effect.

80% 70%

Skilled agricultural, forestry and fishery workers

60%

Craft and related trades workers

50%

Elementary occupations

40%

Plant and machine operators/assemblers

30%

Service and sales workers

20%

Technicians and associate professionals Professionals

10% 0%

Managers Clerical support workers

Source: Savills Research using ILO

Governments are tightening legislation in response to AI’s rapid growth Mentions of AI in legislative proceedings in 75 jurisdictions 2024 2023 2022 2021 2020 2019 2018 2017 2016 2000

1600

1200

Source: Savills Research using Stanford HAI

IMPACTS THE FUTURE OF GLOBAL REAL ESTATE

800

400

DATA STO RY

AI’s growth is outpacing earlier technologies – but market saturation is some way off

AI has the potential to boost slow productivity growth Annual productivity growth

Adoption of different technologies over time (%) AI at work

AI at home

PC at home

PC at work

Internet

Potential AI productivity boost

2.5%

100%

2.0%

Productivity growth

90%

Adoption rate (US)

AI 39

80% 70% 60% 50% 40% 30%

1.5%

1.0%

0.5%

20% 10% 0%

0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25

1998–2007

Years since mass market introduction

2008–2024

With AI productivity

Source: Savills Research using US Real-Time Population Survey Note: denotes usage in prior week

Source: Savills Research using OECD and AI-related productivity scenarios

AI is disrupting labour markets, but will also create new jobs

Investment in data centres has reached record levels

Forecast impact of AI and wider structural labour market transformation

Capital expenditure by major hyperscalers

JOBS TO BE DISPLACED GLOBALLY BY 2030

170M NEWLY CREATED JOBS

+78M = 2.5% NET JOBS

OF JOBS DISPLACED, BUT 22% WILL SEE SOME KIND OF DISRUPTION

Source: Savills Research using World Economic Forum. Structural forces include AI and automation, broader technological change, demographic shifts, the green transition and geo-economic pressures

2026*

$200

Capital expenditure ($ billions)

92M

2025

$150

$100

$50

The Collection vol. 44