Greece boasts 150 five-star hotels within three years

New hotel units are mushrooming across the country as investors and hoteliers agree that tourism will experience a new boom in the coming years and demand for vacations will be high.

From Santorini and Mykonos to Corinth, Evia and Attica, the Ministry of Development is constantly approving new investment projects for larger and smaller hotel units.

The following "new arrivals" have been approved as indicative

1. The investment plan of the company "WHITE MULBERRY DEVELOPMENT PRIVATE CAPITAL COMPANY" for the establishment of a hotel unit, category 5*, capacity of 119 rooms/240 beds" in the location "Kalafatas", of the Municipal Community of Ano Mera, of the Municipality of Mykonos, total eligible cost equal to 20,037,246.08 euros and a total supported cost equal to 18,990,769.23 euros.

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2. The investment plan of the company "IOS ISLAND RESORT MON. IKE.' (under recommendation) for the establishment of a 5-star hotel with a total capacity of 50 rooms / 110 beds in the Mersinia location of the Municipality of Ios on the island of Ios, with a total eligible cost of 5,330,000.00 euros and a total supported cost equal to 5,330,000.00 euros.

3. The inclusion of the provisions of Law 4399/2016, as applicable, of the investment plan of the company "ALTHEA RESORT PRIVATE CAPITAL COMPANY" for the establishment of a category 4* hotel unit, with a capacity of 39 rooms/104 beds in the area of ​​Ano Loutro, in the Municipality of Xylokastro - Eurostin, total eligible costs equal to 4,945,803.00 euros and total subsidized costs equal to 4,945,803.00 euros. The same company also invests in another category 3* hotel, with a capacity of 46 rooms / 98 beds" in the same area at a cost equal to 4,034,476.79...