Investments

Zeus International this year will continue upgrading hotels in its portfolio and strengthening its footprint in Greece and abroad.

Three marinas and two ski resorts in Greece have so far been approved for upgrades with funds from the “Greece 2.0” plan.

Athens suburb Marousi is set to become a tourist hub thanks to ‘Project Voria’ which includes a casino, a 5-star hotel, park area and shops.

Thanos Hotels and Resorts, a family-run company in Cyprus, is aiming to open 10 new hotels in Greece over the next three years.

Greece is set to implement changes to its Golden Visa program, which include not allowing investors to enter acquired properties in the STR market.

Wyndham Hotels & Resorts announces plans to expand to popular and emerging destinations in Greece.

More than 60 hotel projects worth billions of euros are in the pipeline throughout Greece and are expected to open by 2027.

The value of investments made in Greece’s hotel industry in 2023 came to 3 billion euros.

Greece will be changing its Golden visa rules to attract more ‘significant investments’ and to ensure market balance.

The Greek hospitality sector saw major hotel transaction activity in January with deals worth several billions of euros recorded.

Sani Development and Tourism Company SA was announced the highest bidder for the development of the Sani-Kassandra property in the Halkidiki peninsula.

Greece ranks 7th among the Top 15 countries with a projected inflow of 1,200 high-net-worth buyers for 2023.

The number of applications for Greece’s residence by investment program increased by 117% in the first 11 months of 2023.

The “Hard Rock Hotel & Casino Athens” has officially entered its construction phase.

Greece is expected to announce a new round of funding supporting new very small, small and medium-sized tourism enterprises.

The Heraklion Port Authority share purchase agreement with Grimaldi Group was finalized this week.

Greek authorities plan to launch a new round of privatizations of 22 smaller regional airports in the summer of 2024.

A new era of growth begins for one of the most important ports in Northern Greece in Kavala after the signing of an agreement with an investor.

Greek Prime Minister Kyriakos Mitsotakis said attracting high-end investments was a key government priority for the tourism sector.

Funds amounting to 387 million euros from Greece’s recovery fund are available for projects to improve the country’s tourism sector.