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. 07/02 23:09

    Grant payments for 4 hotel investments in Paxos, Lefkada, Zakynthos and Chania

  2. 07/02 18:40

    Olga Kefalogianni in HORECA | Greece has experience in managing natural phenomena

  3. 07/02 15:06

    FedHATTA: “Opening up” of Greek travel agencies to the Iranian market

  4. 07/02 14:35

    New Head of Hotel Purchasing at alltours

  5. 07/02 13:49

    ShortStay Conference 2025 returns to Athens

  6. 07/02 13:26

    Applications for the Best Tourism Villages 2025 are now open

  7. 07/02 13:02

    Springer Reisen: 20 connections to Greek islands this summer

  8. 07/02 12:26

    Greece: Nearly 30 million international air arrivals in 2024 - Who traveled where

  9. 07/02 11:19

    Europe as a single tourist destination - A. Fiorentinos at the Destination Europe Summit 2025

  10. 07/02 06:55

    Positive prospects for tourism in 2025 but major “thorns” remain

  11. 07/02 06:14

    Donation from HEDNO for the restoration of the Ottoman Bath of Kalloni in Lesvos

  12. 06/02 18:58

    Work on the Thessaloniki Flyover is progressing at a rapid pace

  13. 06/02 18:54

    Sports Tourism | Ministerial meeting for the Euroleague Coaches Conference 2025

  14. 06/02 18:25

    29.3 million international air arrivals in 2024, with clear signs of an extended season

  15. 06/02 16:43

    Artificial intelligence in tourism: what TUI research shows

  16. 06/02 15:49

    Greece, a holiday and investment destination for Arabs

  17. 06/02 14:42

    Sotheby’s: The Athenian Riviera is first in demand for luxury properties

  18. 06/02 13:48

    More flights to Greece in 2025 from the Irish market

  19. 06/02 12:05

    Travelers are paying attention to cost and quality, few to sustainability

  20. 06/02 11:57

    Wyndham and HR Group expand into Germany, Austria and the Netherlands

  21. 06/02 07:37

    How will Naxos deal with the risk of water shortages ahead of the tourist season

  22. 06/02 07:28

    Attica Region: There is no overtourism in Athens - a warning for infrastructure

  23. 06/02 07:16

    Grant payments for 4 hotel investments in Rhodes, Chania, Itilo and Sivota

  24. 06/02 07:05

    Crete will send its visitors for greens!

  25. 06/02 06:11

    Municipality of Folegandros: Prohibition of roaming or grazing animals in tourist areas

  26. 05/02 19:57

    Milos Municipality attempts to block second investment for 5-star hotel

  27. 05/02 19:03

    National Action Plan for Cycling, with development in cycling tourism

  28. 05/02 16:51

    Curtain Call for the 2025 Rethymno Carnival

  29. 05/02 15:46

    Ryanair: New Brussels – Volos connection in summer 2025

  30. 05/02 12:41

    The first robotic restaurant with artificial intelligence at Barcelona Airport

  31. 05/02 12:40

    Athens Airport: 2025 started on a positive note,+14.5% passengers in January

  32. 05/02 12:35

    How foreign travel professionals will promote Greek destinations

  33. 05/02 11:45

    Tourism: 4 Greek islands capture Americans’ 2025 vacation interest

  34. 05/02 07:04

    Grants for a boat shelter in Halkidiki and hotels in Chania, Zagori, and Koroni

  35. 05/02 07:02

    5 new hotel investments in the Greek siland of Crete

  36. 05/02 06:53

    Conde Nast Traveller | Crete among the 29 best places to visit before summer

  37. 05/02 06:22

    The big bet of the next 10 years for Aegean Airways

  38. 05/02 06:14

    Travel agents’ introduction to Kalamata

  39. 05/02 06:13

    Holy Metropolis of Rhodes: Digital Promotion of Museums Network and Monuments

  40. 05/02 06:09

    Grand Egyptian Museum to open on July 3

  41. 04/02 22:49

    Main Patras-Pyrgos highway section due to finish July 31, open to traffic soon

  42. 04/02 20:18

    Hellenic Republic President to receive new Ambassadors of Vietnam, Ireland, and Sweden

  43. 04/02 19:53

    Celestyal: Free cabin upgrades on select cruises

  44. 04/02 17:31

    Pan-Cretan Forum | Promoting Cretan products in Cretan hotels for the 13th year

  45. 04/02 16:05

    SKY Express: Free tickets for children and teachers on Santorini-Athens flights 

  46. 04/02 14:57

    Two new flight connections to Athens taking off in February

  47. 04/02 14:40

    The allure of cruising has captivated "first-timers"

  48. 04/02 14:01

    SkyUp Airlines: Two new connections to Athens and Corfu from Moldova

  49. 04/02 11:34

    Rethymno Hoteliers head | The upcoming tourist season is predicted to be "quite good"

  50. 04/02 11:25

    European Hotels: "Stop" on single-use plastic packaging from 2030

  51. 04/02 07:13

    Greek hotels: Revenues in 2024 soar 11% above 2023 - read the latest investments

  52. 04/02 06:58

    Filming at Kallimarmaro Stadium in Athens to create an electronic map

  53. 03/02 23:01

    Promoting Greek olive oil in the Austrian market

  54. 03/02 18:11

    Rhodes welcomes the first cruise ship for 2025

  55. 03/02 17:15

    Chania: Smart barriers to protect the Venetian port and its visitors

  56. 03/02 16:02

    Rhodes: The season kicks off on March 28, wounds from "Bora" storm remains

  57. 03/02 15:53

    GNTO: 4 ERMIS awards for Olympic campaign in France

  58. 03/02 15:08

    Promotion of Lesvos in Istanbul - Participation in EMITT 2025

  59. 03/02 14:48

    FedHATTA: Chinese New Year Celebration in Athens

  60. 03/02 13:14

    Wyndham Hotels: Agreement with Zafido Holding for a new hotel in Piraeus

  61. 03/02 12:25

    easyJet: New connection to Thessaloniki in summer 2025

  62. 03/02 11:03

    HolidayCheck: These are the 50 most popular Greek hotels in Germany for 2025

  63. 03/02 10:29

    Cruises to Chania make a positive first impression in 2025 - 1,347 visitors daily

  64. 03/02 06:38

    iAlonissos: Digital promotion of local natural and cultural attractions

  65. 03/02 06:25

    5 new hotel investments in Lefkada, Rhodes, Ios, Karystos and Trikala

  66. 02/02 20:08

    The travel profile of expatriates from Australia - the rescue of Rex

  67. 02/02 06:48

    Spanish tourists "vote" for Greek honey

  68. 01/02 13:58

    Tourism in Turkey beats expectations - 62 million arrivals, $61 billion in revenue in 2024

  69. 01/02 07:04

    Volotea: Codeshare cooperation with Aegean to run on 13 routes

  70. 31/01 18:11

    10 new hotel investments in Corfu, Rhodes, Paros, Ios, Skiathos, Samos, Kalambaka and Kranidi

  71. 31/01 17:49

    Booking.com | Hotels: Don't leave negative guest reviews unanswered

  72. 31/01 10:18

    The Region of Crete at the FITUR exhibition - Promising prospects from Spanish-speaking markets

  73. 31/01 10:15

    ITEP Survey: Hotel Performance stagnant in Greece in December

  74. 31/01 07:03

    Municipality of Agrinio reacts to photovoltaic plant in Kremaston Lake - threat to tourism

  75. 31/01 06:54

    Explosion of Turkish tourists in Lesvos, Chios, and Samos

  76. 31/01 06:07

    Mitsis Group: Donation of an architectural study to enhance a beachfront in Crete

  77. 31/01 00:02

    Commission: First comprehensive European strategy for tourism coming

  78. 30/01 23:08

    Greek Culture Ministers to attend European conference in support of Ukraine's heritage

  79. 30/01 18:58

    Cruise: Viking Libra to make maiden voyage in 2026 from Piraeus

  80. 30/01 17:56

    Record year in 2024 for international air transport – Now “flying” above 2019

  81. 30/01 17:50

    Accessible tourism on the beaches of the Municipality of Agios Vasilios, Crete

  82. 30/01 16:40

    Travel | London is now the top destination for Greeks abroad

  83. 30/01 16:23

    Aegean: 40% increase in available seats from Saudi Arabia in 2025

  84. 30/01 16:04

    UK Tourism | Lesser-known destinations and experiential travel the main trend in 2025

  85. 30/01 14:35

    Pancretan Association of Hotel Managers Seminars underway for 2025

  86. 30/01 13:22

    Airbnb is “sweeping” Europe - Demand is growing faster than supply in Greece

  87. 30/01 11:17

    Airbnb | 76 billion euros in revenue for hosts in Europe in 2024

  88. 30/01 11:09

    Investments | Lifestyle Hotels with branded residences and alternative accommodations in focus

  89. 30/01 10:30

    Greece's Ministry of Tourism honors Sir Stephen Fry

  90. 30/01 06:52

    3 new hotel investments in Rhodes, Chania and Arachova

  91. 30/01 06:45

    Tourism Observatory in the Region of Thessaly in Central Greece

  92. 30/01 06:40

    Networking of the municipality of Aristotle with the municipality of Valletta in Malta

  93. 30/01 06:16

    What will the exciting diving park in Stalis of Hersonissos be like

  94. 29/01 23:59

    Dynamic promotion of the Greek city of Thessaloniki in the Irish market

  95. 29/01 22:59

    Why France hits record high of 100 million international arrivals in 2024

  96. 29/01 22:48

    Celestyal extends inaugural Arabian Gulf season

  97. 29/01 19:18

    Conde Nast Traveller | Milos and Paros are the top Greek islands

  98. 29/01 17:49

    Thessaly: Innovation, experience, digitalization lead to lengthening of tourist season

  99. 29/01 17:04

    The Canary Islands present their new strategy as a sustainable destination

  100. 29/01 16:44

    Rethymno Carnival | “Come to the Light” with a rich program of events