The new five star hotels of Crete – Chania city is the King of Luxury Accommodations
The prospects for tourism in Crete in the post-coronavirus era are particularly favorable and demand is expected to quickly return to 2019 levels, as well as the arrivals. This will last for at least 1-2 more years, but within this period o time, many new tourist investments for luxury hotels will be made on the island.
Chania is one of the most popular areas of Crete and presents the largest number of new large investments in hotels. However, Lassithi has some of the largest hotels in size despite the fact that it attracts less investment.
Chania is number one in matters of tourism investment, with several new luxury hotel projects.
The new 5-star hotel with a capacity of 405 beds with the installation of a 100KW photovoltaic station at Begleri Marathi in Akrotiri, Chania, owned by A. Vasilakis SA, trully stands out. The investment has already received the “green light” from the Central Council of Architecture.
According to bizness.gr, in the city of Chania, Belvedere MEPE an Israeli company, leased three historic buildings from the Technical University of Crete, that the institution had promoted for use. These 3 buildings, which are located in a very privileged position on Kastelli hill above the port of the Old Town of Chania, will be converted into a luxury hotel, an investment estimated at 18 million euros.
In addition, several new large tourist investments in the bay of Kissamos are to begin soon.
The big tourist project Costa Nopia belongs to Leptos Group, a rushing business group from Cyprus. The project concerns the creation of a luxury tourist complex, which will include 2 hotels, holiday houses, a marina, a golf course, sports facilities, a conference center as well as entertainment and trading facilities.
It will be developed in an area of about 1,000 acres in the area of Nopigia in the bay of Kissamos. The investment amounts to 303 million euros and has already been included in the fast track status of strategic investments, since October 2020. The project is implemented by the company Cretan Sun & Sea Developments.
According to information, two more luxury tourist investments in the gulf of Kissamos are to be developed.
The largest one is the investment of IKOS Resorts in an area of 140 acres in the bay of Kissamos with the aim of building a luxury 5-star hotel. The investment will probably be launched through LBR International, the company through which Ikos Resorts opens new luxury hotels in Greece. It is noted that both the Andreadis family and large investment funds from abroad (Oaktree Capital Management LP, Goldman Sachs Asset Management and Hermes GPE) have a strong position in Ikos Resorts.
At the same time, in the same wider area, according to information, another investor is looking for a large expanse for the creation of a 5-star hotel.
Two new 5 star hotels in the city of Heraklion are to be constructed.
The company behind these projects is MS WHITE HOSPITALITY, which has already received the green light from the Municipal Building Service to move forward. Both new hotels are about changing the use of existing buildings, which will be renovated in order to be converted into luxury hotels. The first one is located in 77-79 Kalokairinou Street and Kazani 1, while the second one is at the junction of Apokoronou and 1770 streets.
One of the largest tourism projects in Greece, which many call “Greek of Crete”, is the Elounda Hills which will be the flagship of tourism in Crete.
The large investment of Mirum (Russian) of over 400 million euros, which has been included in the fast track regime of strategic investments, is to be developed in an area of 840 acres in the area of Elounda. It has come from the merger of several smaller properties and will be divided into 6 separate sections. The total buildable area is estimated at 130,000 sq.m.
On this site, Mirum plans to build a 5-star hotel with 200 beds and other tourist facilities, including 340 holiday homes and a marina with a capacity of 202 boats and superyachts. It is expected to create 650 job opportunities during construction and an additional 763 when completed and operational.
At the same time, Mirum is planning a second large luxury tourist investment, also in Lassithi. In a seaside area in Vathi (very close to Daios Cove Luxury Resort & Villas) the Park Residences is to be created. The investment concerns the construction of a 5-star hotel complex with 200 beds as well as luxury villas, which will be managed by a large international hotel company.
A few days before Easter 2021, Numo Ierapetra Beach resort, a new luxury hotel in Ierapetra is expected to operate.
Troulis Royal Collection new 5-star hotel will have 132 rooms and suites as well as a variety of facilities, such as restaurants, swimming pool, bars and a fitness center. According to the hotel reservation page, it is expected to welcome its first guests on April 28, 2021.
It is the first hotel of Numo Hotels & Resorts, belonging to Troulis Royal Collection group, which has two more 5-star hotels in the area of Rethymnon: The Royal Blue Resort & Spa and the brand new Royal Senses Resort & Spa Crete, Curio collection by Hilton, the first hotel opened by the Hilton in Crete.
This spring, the new 5-star Minos Ambassador opens its gates. It is located in the city of Rethymnon, a short distance from the beach and the historic center of the city. It has 50 rooms and suites, as well as restaurants, a pool bar and a spa. In fact, it will be connected via a bridge with the existing Minos hotel, which belongs to the same company (N. & H. VOURVACHAKIS SA.)
Greece Property News : The new five star hotels of Crete