In Aetolia-Acarnania, Petalioi in Evia, Porto Heli, Crete, Halkidiki, and Athens, a series of significant hotel investments are underway. These developments, part of a broader wave of projects initiated in recent years, are set to revitalize Greek tourism. Many of these new ventures will be managed by renowned international luxury chains entering the Greek market for the first time.
Varko Bay Vonitsa
In Vonitsa, Aetolia-Acarnania, the Varko Bay resort is emerging as the first ultra-luxury retreat by Banyan Tree in Europe. Scheduled to open in 2025, this prestigious development will be situated on the Varko Peninsula in the Municipality of Aktio-Vonitsa on the coastline of Western Greece, with aspirations to transform the region’s tourism profile.
The five-star resort, by RND Investments Greece with Dutch financial backing, will comprise 116 villas and 45 branded residences. Additionally, Varko Bay will feature three dining establishments, bars, and a marina designed to accommodate yachts up to 40 meters in length.
Athens
By 2027, Greece will welcome its second Mandarin Oriental, following last year’s launch at Costa Navarino. This new property, set within the Athens Riviera at Elliniko development—a collaboration between TEMES and Lamda Development—will feature 123 rooms. Additionally, the venture includes another hotel with 200 rooms and 49 residences.
Simultaneously, the Hard Rock Hotel & Casino Athens is slated to open at Elliniko. This €1.5 billion venture, a collaboration between Hard Rock International and GEK TERNA, will boast a hotel with 1,000 rooms.
Halkidiki
In Halkidiki, the Diaporos Island project is emerging as a notable development, scheduled to launch in the summer of 2026 under the auspices of STANDA SA Real Estate Management. The site, encompassing over 96 acres, will host a luxurious five-star hotel.
This high-end establishment is being designed with a strong emphasis on environmental sensitivity and minimal impact, ensuring that it harmoniously blends with its natural surroundings.
Peloponnese Riviera
On the Peloponnese Riviera, two prominent hotel projects are set to make a significant impact. The Six Senses Porto Heli is scheduled to open in 2026. The hotel will achieve LEED Silver certification and will offer 60 rooms and suites, each with private pools and gardens. In addition, 10 branded villas, ranging from 5 to 8 bedrooms, will be built and made available for purchase.
Also slated for 2026, Porto Heli will debut Greece’s first Waldorf Astoria Hotel & Resort. This project will feature a five-star hotel alongside luxury residences.
Pelatioi Islands
Six Senses is set to expand its footprint to Pelatioi Islands, located in the southern Evoikos Gulf off the southwest of Evia. Grivalia plans to develop 75 ultra-luxury villas and 20 branded residences on the islands.
The project’s amenities include restaurants, wellness and fitness facilities, and a beach club, designed to deliver premium services to its guests. The first phase of this development is slated for completion by 2025.
Crete
In Crete, the Ikos Kissamos stands out as the latest major five-star resort from the Sani/Ikos Group. This significant investment by Sani/Ikos will be developed on a 200-acre site in Kissamos Bay, nestled on the northwest coast of Crete. The new resort will span 203 acres and feature 414 rooms, suites, and bungalows, with a total capacity of 1,280 beds.
Set to commence operations in the 2025 season, Ikos Kissamos is expected to create over 750 new jobs.
Source: tovima.com
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
Hotel Foreclosures Continue to Plague Greece’s Islands
A surge in hotel foreclosures across Greece’s islands threatens small tourism businesses, despite booming visitor numbers and record-breaking travel in 2024.
Athens Launches Task Force to Safeguard Historic City Center
The new municipal unit will ensure compliance to zoning laws, curb noise, and address tourist rental issues starting from the Plaka district.
WTTC: Travel & Tourism to Create 4.5M New Jobs in EU by 2035
This year, international visitor spending is set to reach 573 billion euros, up by more than 11% year-on-year
IMF: US Tariffs Shake Global Economy, Outlook Downbeat
IMF slashes global growth forecast to 2.8% as U.S. tariffs create uncertainty and ‘negative supply shock
First Step Towards New Audiovisual Industry Hub in Drama
The project is set to contribute to the further development of Greece’s film industry and establish Drama as an audiovisual hub in the region
Airbnb Greece – Initial CoS Ruling Deems Tax Circular Unlawful
The case reached the Council of State following annulment applications filed by the Panhellenic Federation of Property Owners (POMIDA)
Mitsotakis Unveils €1 Billion Plan for Housing, Pensioners, Public investments
Greek Prime Minister Kyriakos Mitsotakis has announced a new set of economic support measures, worth 1 billion euros, aiming to provide financial relief to citizens.
Alter Ego Ventures Invests in Pioneering Gaming Company ‘Couch Heroes’
Alter Ego Ventures' participation in the share capital of Couch Heroes marks yet another investment by the Alter Ego Media Group in innovative companies with a focus on technology.
Corruption Still Plagues Greece’s Driving Tests
While traffic accidents continue to claim lives on Greek roads daily, irregularities and under-the-table dealings in the training and testing of new drivers remain disturbingly widespread
Pope Francis Died of Stroke and Heart Failure Vatican Confirms
As news of the official cause of death spread, tributes poured in from across the globe. The 1.4 billion-member Catholic Church is united in grief, remembering a pope who championed inclusion, justice, and compassion
