This marks the family’s second major tourism investment, following their restoration and reopening of the historic Xenia Hotel in Chios.

Fulgor S.A. was awarded the contract with a total offer of €61.19 million.

The €9,073,448 program encompasses 103 interventions across 61 island municipalities.

Data from Greece Sotheby’s International Realty reveal a transaction volume approaching €40 million in just under a month, underscoring the sustained demand for luxury real estate in Greece.

The acquisition price is €97 million.

The duration of the concession is 40 years, and may be extended for a maximum of 10 additional years.