The Greek Council of State approved The Mykonos Project, a plan to develop 95 luxury villas on a 60,000 sq.m. land plot above Karapetis Beach in Mykonos. The hotel investment is estimated at € 60 million.
Mykonos, Greece: 18 May 2020
An investment project of € 60 million, The Mykonos Project, will be developed into a 5-star hospitality complex in an area of 60,000 sq.m. Developed by AGC Equity Partners, the project is considered a mild type of tourism investment with high environmental and urban standards.
The project will have a capacity of 192 beds, and include a marina, sports facilities, a wellness center and stores.
This type of activity in tourism investment projects, shows that Greece continues to attract hotel investment that diversify the tourism product.
Navigator provides hotel investment due diligence services, business planning and financial modelling for hotel investments in Greece. For further information, please contact us.
Ilma Danieliene
Director, Marketing & Strategy
Sources:
Greek City Times. 18 May 2020
Greek Travel Pages. 18 May 2020