New luxury five-star hotel in Porto Heli opened to public consultation

The proposed investment project, “Porto Heli Hospitality,” concerns the development of a sustainable, mixed-use, high-standard tourist accommodation complex with a total area of 60,006.08 sq.m. The project is to be located in the “Lakkes” area of the Kranidi Municipal Unit, in the southeastern part of the Municipality of Ermionida, within the Regional Unit of Argolis, in the Region of the Peloponnese.

The investment involves the creation of a seafront, mixed-use hotel complex (a small-scale mixed tourist accommodation), comprising hotel-style rooms and suites, as well as independent private villas. The total capacity of the development will amount to 202 beds. In parallel, the project предусматривает the establishment of integrated leisure, recreation, and wellness facilities, aiming to deliver high-quality hospitality services and enhance the overall visitor experience.

The project promoter is seeking to have the investment classified under the provisions of Law 4864/2021 as a “Strategic Investment 1,” in order to enable the preparation and approval of an ESCHASE (Special Spatial Development Plan for Strategic Investments) and to benefit from fast-track licensing procedures. Furthermore, the promoter intends to take advantage of the beneficial provisions of Article 5 of Law 4864/2021 (concerning the concession of use of the seashore and beach) as well as Article 6 (relating to supporting and ancillary works).

The total budget of the investment amounts to €96,519,620, and it is expected to generate 225 new annual work units (AWUs).

The company “Porto Heli Development Single-Member L.L.C.” is owned by Porto Heli Holdings Greece, along with U.S.-based investors Harold Fort and Christian Giannakopoulos.