20 hotel investments that upgrade Greek tourism through the Development Law

Α Decrease font Enlarge font
20 hotel investments that upgrade Greek tourism through the Development LawPhoto Source: Louis Ionian Sun

Tornos News has recorded and presented the 20 hotel investments that were included in the Development Law in recent days and which are being supported with millions of euros.

The support mainly concerns the creation of new luxury hotels but also the modernization of hotel units in areas such as Crete, Corfu, Rhodes, Ermioni, Kefalonia, South Pelion, Perdika Igoumenitsa, Kalambaka, Sivota, Skiathos, Thessaloniki, etc.

The business plans of the groups that are supported according to decisions of the General Directorate of Development Laws and Foreign Direct Investments of the Ministry of Development are as follows:

1. Support for the investment plan of the company CRETE HOTELS MITSIS COMPANY S.A., which refers to the comprehensive modernization of 150 rooms with 300 beds and the common areas adjacent to them, a 5-star hotel, with a total capacity of 435 rooms with 914 beds, located in the location of Floudia Anissara in the Heraklion Peninsula of Crete, with a total eligible cost of 10 million euros and a total supported cost of 10 million euros.

2. Support for an investment project of the company FILOTHEI S.A., which concerns the creation of a new 4-star hotel, of the type of independent semi-attached suites PYRGOS SUITES, at the Kokkini Hani location in Gouves, Hersonissos, Heraklion, Crete, with a total eligible cost of 2,188,221.22 euros and a total supported cost of 2,160,640.37 euros.

3. Support for an investment plan of the company LOUIS HOTELS, which refers to the comprehensive modernization, with a final capacity of 272 beds and 135 rooms, and upgrade to a 5-star category, of the IONIAN SUN hotel unit located in Listarcheio, in the municipal unit of Meliteion in Corfu, with a total eligible cost of 10.7 million euros and a supported cost of 10.7 million euros.

4. Support for an investment plan of the company MARBELLA S.A., which refers to the establishment of a 5-star category hotel in Boyone, in Perdika, Igoumenitsa, with a total eligible cost of 8.8 million euros and a total supported cost of 8.8 million euros.

5. Support for an investment plan of the company NAKIS HOTELS S.A. concerning the creation of a new 5-star hotel, with a capacity of 21 rooms and 62 beds in Kastraki, Kalambaka, with a total eligible cost of 3.3 million euros and a total subsidized cost of 3.3 million euros.

6. Support for an investment plan of the company CHC TRAVEL SERVICES concerning the creation of a new 5-star hotel unit, with 60 rooms and 120 beds in Panagia Ellinikan, Agios Nikolaos, Crete, with a total eligible cost of 5.6 million euros and a total subsidized cost of 5.6 million euros.

7. Support for an investment plan of the company SPICA S.A., which refers to the creation of a new 4-star hotel unit, with a capacity of 36 rooms and 72 beds, in Kato Drasato, Makrys Toichos, Nea Kydonias, Chania, Crete, with a total eligible cost of 4 million euros and a total supported cost of 4 million euros.

8. Support for an investment plan of the company SISSI BAY VILLAS STUDIOS APARTMENTS SINGLE MEMBER S.A., which concerns the establishment of a 5-star hotel unit, with a capacity of 40 rooms and 95 beds, in Thesi Avysallia or Kremasma, Sisi, Lassithi, Crete, with a total eligible cost of 5.4 million euros and a total supported cost of 5.4 million euros.

9. Support for an investment plan of the company LINDIAN VILLAGE, which refers to the comprehensive modernization of the 5-star Lindian Village hotel, located at Lardos Beach and Koukoumia, Rhodes, with a total eligible cost of 9,355,000 euros and a total subsidized cost of 9,355,000 euros.

10. Support for an investment plan of the company D.T. GLOBAL INVESTMENTS M.I.K.E., which refers to the establishment of a 5-star hotel unit at Kosta Kounoupioti, Ermioni, Argolida, with a total eligible cost of 8.6 million euros and a total subsidized cost of 8.6 million euros.

11. Support for an investment plan of the company ALKYON, which refers to the establishment of a 4-star hotel in Koropi, Milia, South Pelion, with a total eligible cost of 1,913,521 euros and a total supported cost of 1,851,633.60 euros.

12. Support for an investment plan of the company CALISSA, which concerns the establishment of a 4-star hotel with a capacity of 84 beds in Gyros Pylareon, Kefalonia, with a total eligible cost of 5 million euros and a total supported cost of 5 million euros.

13. Support for an investment plan of the company PAPADIMITRIOU N PRIVATE CAPITAL COMPANY, which refers to the establishment of a 5-star hotel, at the location Axiopetras - Pyrgos, of Paleros Aktio-Vonitsa, with a total eligible cost of 3,450,279 euros and a total supported cost of 3,450,279 euros.

14. Support for an investment plan of the company 2PI INVESTMENTS S.A. which refers to the establishment of a 5-star hotel unit, with a capacity of 46 rooms and 99 beds in Kalathos, Lindos, Rhodes, with a total eligible cost of 6,113,430.48 euros and a total subsidized cost of 6,107,797.77 euros.

15. Support for an investment plan of the company WHITE OLIVE S.A., which concerns the establishment of a 4-star hotel in Pefkoi, Lindos, Rhodes, with a total eligible cost of 10.2 million euros and a total subsidized cost of 10.2 million euros.

16. Support for an investment plan of the company PITOULIS S.A. which concerns the modernization of a complete form of a 5-star hotel section, with a capacity of 105 rooms and 181 beds, located at 20 Ethnikis Antistasis Street in Sivota, with a total eligible cost of 2,080,000 euros and a total subsidized cost of 2,080,000 euros.

17. Support for an investment plan of the company ONIRO SKIATHOS TWO, which refers to the modernization of a complete form and upgrade to a 4-star category, with a final capacity of 60 rooms and 122 beds, of the SILVER BEACH hotel unit (photo) located at Strofylia-Koukounaries in Skiathos, with a total eligible cost of 2,250,000 euros and a total subsidized cost of 2,250,000 euros.

18. Support for an investment plan of the company FALIRAKI HOTEL COMPANY S.A., which concerns the modernization of an integrated hotel unit, with a capacity of 348 rooms and 696 beds, 5-star category, at FALIRAKI BEACH Faliraki, Kalythies in Kallithea, Rhodes, with a total eligible cost of 9,331,200 euros and a total supported cost of 9,331,200 euros.

19. Support for an investment plan of the company Gelasakis Shipping Agencies S.A. which concerns the establishment of a 4-star hotel unit, with a capacity of 11 rooms and 30 beds, in the old town of Chania at 17 Akti Kountourioti Street and 24 Zambeliou Street, with a total eligible cost of 1,346,357 euros and a total subsidized cost of 1,334,984.20 euros.

20. In addition to the Ministry of Development, the competent services of the Region of Central Macedonia decided to support an investment plan of the company F. ANGELAKOPOULOU A. ANGELAKOPOULOS OE, which refers to the modernization of a complete hotel unit and its upgrade to a 4-star category in Thessaloniki, with a total eligible and subsidized cost of 614,730.15 euros.

RELATED TOPICS: GreeceGreek tourism newsTourism in GreeceGreek islandsHotels in GreeceTravel to GreeceGreek destinationsGreek travel marketGreek tourism statisticsGreek tourism report

Tornos
  1. 17/07 23:24

    The 10th Amari Green Festival begins: 10 years of culture, nature and community in the heart of Crete

  2. 17/07 23:04

    ETC: Greece scans in attracting new visitors from Europe

  3. 17/07 21:55

    HCAA | Inspection for upgrade projects at Milos Airport – Defibrillator Donation by an Employee

  4. 17/07 20:21

    Greek -Italy Tourism Cooperation Protocol

  5. 17/07 15:11

    Municipality of Athens: Crackdown on Illegal Outdoor Seating in Kolonaki

  6. 17/07 14:55

    IATA | The EU's targets for the use of sustainable fuels are "impossible to achieve"

  7. 17/07 14:47

    HAA and HAPCO & DES welcome the concession of Tae Kwon Do to the Region

  8. 17/07 14:19

    Ongoing Coastal Cleanup Operations in Kalamaria

  9. 17/07 14:17

    SETKE | Suspension of JMD on Swimming Pools – Discontent over Lack of Consultation

  10. 17/07 14:13

    Britain: Inflation Rises to 3.6% – Cost of Living and Criticism Grow

  11. 17/07 13:52

    Increase in arrivals and overnight stays in tourist accommodations in May 2025

  12. 17/07 13:24

    Cinema and Food Culture: From France to Lesvos

  13. 17/07 11:44

    Sitia: The double opportunity for tourist take-off with the signature of UNESCO

  14. 17/07 11:39

    Alternative Tourism in Greece Presented to the UK Market

  15. 17/07 11:12

    Tryp by Wyndham Lisboa Caparica Mar: Renovation with inspiration from the coast

  16. 17/07 10:47

    National Geographic in Santorini: New Documentary on the Island’s Volcano, History and Mysteries

  17. 17/07 08:03

    Zig Zag Festival in Tzoumerka: A Cultural Passage from Earth to Sky

  18. 17/07 08:00

    Aegean Takes Off for India – Direct Flights Begin in 2026 with New Airbus XLR

  19. 17/07 07:58

    New Chapter for Tourist Ports in Heraklion and Paros

  20. 17/07 07:53

    Enhanced Accessibility at Mitsis Hotels in Rhodes, Kos, and Crete

  21. 17/07 07:51

    South Rethymno: A steady summer attraction with 4,000 visitors per day in Plakias

  22. 17/07 07:49

    SKY Express: New winter connection Heraklion – Tirana

  23. 17/07 07:18

    Sardine Festival at Stomio Larissa

  24. 17/07 07:16

    The Usual — and Unusual — Vacation Habits of Swedes

  25. 17/07 07:08

    Air Mediterranean: New connections to Berlin, Cologne and Vienna from Athens

  26. 17/07 07:06

    INTERPLAZA's major investment in Rhodes is up for consultation | Hotel with 394 rooms, 158 residences

  27. 17/07 00:29

    Friday Marks Peak Day for UK Flight Departures – Strong Demand for Greece and Other Summer Destinations

  28. 16/07 19:52

    Eurobank: The Greek tourism model is changing - Less revenue per visitor, more arrivals

  29. 16/07 17:15

    More students at the Galaxidi School of Tourism Education | Sustainability step

  30. 16/07 16:45

    6 signs to upgrade home security

  31. 16/07 16:41

    Fedhatta/ HATTA: Meeting with Secretary General of EOT for exhibition planning and reinforcement of international markets

  32. 16/07 15:33

    French Transavia invests in Thessaloniki during the winter season

  33. 16/07 15:28

    Norovirus on board: New case on cruise ship, cases on the rise in 2025

  34. 16/07 15:22

    Ryanair | Fire on new strikes by French air traffic controllers and Ursula von “Derlayed-Again”

  35. 16/07 14:43

    3,000 inspections of recreational vehicle rentals by the Coast Guard

  36. 16/07 14:38

    Pella and its gastronomy on Kitchen TV

  37. 16/07 14:02

    How New Cruise Demographics Are Redefining the Impact on Destinations

  38. 16/07 11:45

    Kivotos Santorini has joined the American Express Fine Hotels & Resorts program

  39. 16/07 10:51

    Sani/Ikos Group offers free holidays to children from "The Smile of the Child"

  40. 16/07 10:48

    Serifos: Water Consumption Alarm – Strict Fines for Waste

  41. 16/07 10:25

    DW | Greece: Plane trees are dying standing up

  42. 16/07 08:04

    Etihad – SKY express agreement: Gateway to 24 Greek islands and 3 Mediterranean cities

  43. 16/07 08:02

    Decisions for tourist shelters in Leros, Chalkidiki, Xiromero and Agia Anna

  44. 16/07 07:59

    The major airlines that... disappoint – The three worst for 2025

  45. 16/07 07:56

    Mr. Zara’s hotel business

  46. 16/07 07:53

    Symi cries out for mass tourism – 3 euro fee for day visitors

  47. 16/07 07:17

    Permit for two floating platforms in Corfu and Skopelos

  48. 16/07 07:15

    Explosive increase in visitor numbers at the museums of Ancient Olympia and Delphi in March

  49. 16/07 07:13

    Expedia: Which Mykonos? Which Santorini? This is the new favorite Greek island

  50. 16/07 07:10

    Municipality of Limni Plastira: Decision for 6 + 3 years lease of the Mesenikola Guesthouse

  51. 16/07 07:07

    Luxury hotel for climbers is being prepared in Rhodes

  52. 16/07 06:22

    M. Tsakalakis in TN | Tourist Crete seeks protection of its reputation - Concern over bookings

  53. 16/07 06:19

    Municipality of Soufli: Network of hiking trails with fire protection function

  54. 15/07 20:08

    Velvento Festival 2025: Cultural rendezvous in the nature of Kozani

  55. 15/07 16:06

    Tourism Investments | YOTELPAD Athens is Coming with 113 Apartments in Omonia, Monastiraki, and Neo Kosmos

  56. 15/07 15:16

    HCAA | + 7.5% passenger traffic at 24 state airports in 6 months, +5.2% overall

  57. 15/07 15:11

    Green light for 2 strategic investments, amounting to 163 million euros, in tourism

  58. 15/07 12:39

    Germany | Flights more expensive in the first half of 2025, especially within Europe

  59. 15/07 12:32

    2,300 young artists painted Hospitality | HCC Student Competition

  60. 15/07 12:23

    V. Kikilias: Comprehensive master plan for the port of Mykonos

  61. 15/07 12:19

    Mallorca's tourism reputation hits all-time low

  62. 15/07 11:36

    How much did rodent noise pollution cost a hotel in Crete? | German court ruling

  63. 15/07 10:53

    Suspension of the GNTO Russia operation - Promotion in the USA via a TV series

  64. 15/07 10:51

    G. Hadjimarkos: The new Collective Labor Agreement in Rhodes is an act of responsibility and maturity

  65. 15/07 10:48

    Crete Tourism Organizations: Congratulations to Lina Mendoni for the Inclusion of the Minoan Palatial Centers in UNESCO

  66. 15/07 10:42

    Opening Pieria to the Turkish market through influencers

  67. 15/07 08:24

    Public campsites on the Superfund's agenda: Asprovalta takes its turn - Kriopigi follows

  68. 15/07 08:06

    Municipality of Oichalia: Platform for the promotion of tourism and culture

  69. 15/07 08:02

    Sounds of Rhodope: A musical retrospective of the multicultural heritage of Thrace

  70. 15/07 07:57

    WAVErunning 2025: Running alongside the waves for clean beaches

  71. 15/07 07:17

    The “sunbed battle” is still going strong – What psychology is behind it

  72. 15/07 07:14

    Permits for floating platforms in front of hotels in Anavyssos and Chania

  73. 15/07 07:11

    Reduction of the minimum distance from neighboring uses for a kart track in Malia

  74. 15/07 07:09

    Yiannis Hatzis: The future of Greek tourism lies in small hotel businesses

  75. 15/07 06:21

    Nikos Chalkiadakis in Tornos News: Crete cannot stand a migrant accommodation facility

  76. 15/07 01:36

    SEO Services Cost: What You Pay and What You Get

  77. 14/07 19:34

    Rhodes Hotel Association | Signing of a local CBA with 11% increases over three years

  78. 14/07 19:30

    Eurostat: One in 2 Greeks cannot afford a vacation

  79. 14/07 15:53

    Hoteliers' Campaign | "Tourists, thank you for visiting Mallorca"

  80. 14/07 15:34

    Vavoulas Group strengthens its presence in Crete

  81. 14/07 13:58

    EasyJet’s initiative for family reconnection without digital disruption

  82. 14/07 13:28

    Eleni Skarveli: Greece Best European Destination at The Telegraph Travel Awards 2025

  83. 14/07 12:25

    Skiathos nominated for the international distinction of “Most Desirable Island in Europe”

  84. 14/07 12:19

    The University of the Aegean presents the application of EUDI Wallet in coastal shipping and air transport

  85. 14/07 11:32

    Jennifer Lopez celebrates her birthday at the opening of a hotel in Antalya

  86. 14/07 10:36

    Wyndham: Partnership with Cygnett for 60 Hotels in India, Bangladesh, Sri Lanka, and Nepal

  87. 14/07 09:45

    ERG: Competition 455,000 euros for 2-year travel services

  88. 14/07 08:15

    Balearis: Black Night for Bars - Difficult to find staff, but also customers

  89. 14/07 07:55

    International Music Festival in Lesbian Summer 2025

  90. 14/07 07:48

    Chios Homeric sound: Music festival with classical education and world Greekness

  91. 14/07 07:11

    Hellaktor: Land-Cilestone Investments in Tourism focusing on Alimos Marina and the new hotel "The Fiction"

  92. 14/07 07:02

    Lycaia 2025: 14th Revival of Ancient Sport and Culture Games in Lycaio Mountain

  93. 14/07 06:58

    Ilia: In Colliri the 1st Festival of Kolire Olive

  94. 14/07 01:14

    Wizz Air exits Middle East

  95. 13/07 16:30

    Knossos on the UNESCO World Heritage List

  96. 13/07 16:06

    Which airport hotels in Europe offer value, and what… they just cost

  97. 13/07 13:36

    Climate crisis threatens Eurozone GDP: Possible drop of up to 5% by 2030

  98. 13/07 13:33

    New round of tariffs by Trump: 30% on EU and Mexico – Fears of a trade war

  99. 13/07 08:40

    “Give life to the dying shipbuilding yards” – Out of the 300+ in Greece, only 70 remain

  100. 13/07 07:47

    Crete 2025: The 10 top hotels, according to House & Garden