Hospitality Major €150m Hotel Investment Planned for Crete by Nikos Krinis 2 November 2018 written by Nikos Krinis 2 November 2018 0 comments Share 0FacebookTwitterLinkedinWhatsappEmail 12 The Creta Maris Beach Resort of Metaxas Group of Companies. The Metaxas Group of Companies recently announced plans for a major hotel investment on Eastern Crete. Budgeted as 150 million euros, the investment will be developed on a property of 1,200 stremma in the Mirabello Bay in the area of Kavousi. The investment includes two luxury hotels of 300 beds each and a small village with 208 holiday homes. The building factor is 4.8 percent of the property. According to Metaxas, the project is expected to be included in the fast track procedure for strategic investments. (The Fast Track law in Greece accelerates licensing procedures for investments deemed strategic to the Greek economy). The 150-million-euro project on Crete is part of a 250 million euros investment plan of the group, scheduled to be carried out over a period of 15 years. The plan also includes an investment for a luxury boutique hotel on Santorini. Active on Crete since 1975, the portfolio of the Metaxas Group includes the Creta Maris Beach Resort and the TUI Magic Life Candia Maris. Follow GTP Headlines on Google News to keep up to date with all the latest on tourism and travel in Greece. Share 0 FacebookTwitterLinkedinWhatsappEmail Nikos Krinis Nikos is Greek-American born in New York, USA, and has lived in Greece for over 30 years. He is the managing editor of Greece's leading monthly travel and tourism guide, the Greek Travel Pages (GTP) since June 2008 and of news site GTP Headlines since its launch in September 2012. Nikos has also served as international press officer for the City of Athens and for the mayor. He has a degree in Mass Media and Communications, specializing in Journalism. Nikos is a native English speaker and speaks Greek fluently. previous post Athens & Epidaurus Festival Sees Rise in Revenue, Participation next post Lufthansa Begins Direct Thessaloniki-Frankfurt Flights You may also like Greece’s Hotel Market Sees Major Investments Over Four Months 5 February 2025 Greek PM Reassures Public About Santorini’s Ongoing Seismic Activity 5 February 2025 Milos: Ministry Suspends 5-star Hotel Construction Near Sarakiniko Beach 5 February 2025 ELIME and HELMEPA Join Forces for Safer, More Sustainable Greek Ports 5 February 2025 Greek Ministries Team Up to Form National Cycling Strategy 5 February 2025 Peiraios Industrial Complex to Become Athens’ New Cultural Hub 5 February 2025 Leave a Comment Cancel Reply Save my name, email, and website in this browser for the next time I comment. Δ
