07 Oct 2026

New 612-bed hotel development moves forward in Ermionida

  • RE+D Magazine

A second major tourism development linked to the investment interests of Sheikh Tahnoon bin Zayed Al Nahyan is moving forward in Ermionida, with the project being developed through ERIGON Single-Member S.A.

The Decentralized Administration of Peloponnese, Western Greece and the Ionian Islands has approved the environmental terms for the construction and operation of a three-star hotel with a capacity of 612 beds at the “Kopreza or Theriza” site in the Municipality of Ermionida.

The investment is being developed on a plot with a total area of 80,521.36 sq m, approximately four kilometres from Ermioni, southwest of the settlement and northeast of Agioi Anargyroi. The total buildable area amounts to 10,722.94 sq m, while the building coverage is estimated at approximately 7,935 sq m.

ERIGON is a company directly linked to Scarlet Beach, whose sole shareholder is HD Cheli Investment RSC Ltd, part of the Abu Dhabi-based Royal Group, which is associated with Sheikh Tahnoon bin Zayed Al Nahyan.

Three “Neighbourhoods” and 612 Beds

The new resort differs significantly from Scarlet Beach’s ultra-luxury profile. The design provides for 296 rooms and 10 independent apartments, organised into three separate “neighbourhoods.”

The first will comprise nine buildings with 152 rooms and 304 beds; the second will consist of seven buildings with 144 rooms and 288 beds; while the third will comprise ten independent units with a total capacity of 20 beds.

The main building will house the reception, restaurant, retail spaces, administration and support facilities. The masterplan also includes sports facilities, recreational and parking areas, an internal road network and independent technical infrastructure.

A notable feature of the design is the small stream running through the site. Rather than being covered, it is planned to be preserved as a central green corridor, with the building complexes developed on either side.

The Connection with Scarlet Beach

According to the environmental impact study, the water requirements of the new ERIGON complex will be met by the desalination plant at Scarlet Beach in Petrothalassa. Water will be transported through a pipeline to a new reservoir located within the ERIGON property and from there to the hotel’s internal water network.

An independent wastewater treatment facility is also planned, while the environmental approval includes a photovoltaic system with an installed capacity of approximately 195 kW.

The new 612-bed facility could serve both tourism demand and the accommodation needs of staff employed by Scarlet Beach and other businesses in the wider area.

Adjacent to an Investment of More Than €200 Million

The ERIGON project adds to the major Scarlet Beach development in Petrothalassa.

Scarlet Beach has been included among the Strategic Investments for the development of an Integrated Tourism Resort on a site of approximately 235,000 sq m. According to the official Strategic Investments Registry, the project has a budget of €202.99 million.

The development plans include a luxury hotel with 100 rooms and 15 furnished tourist residences, comprising nine branded residences and six luxury villas, as well as restaurants, swimming pools, a beach club, spa, sports facilities and other hospitality-related uses.

The hotel component of the development has been associated with Waldorf Astoria Scarlet Bay. The investment forms part of the business ecosystem of Sheikh Tahnoon bin Zayed Al Nahyan’s Royal Group, which reached an agreement with Hilton in November 2025 for the resort to operate as Waldorf Astoria Scarlet Bay. The project is set to bring the first Waldorf Astoria hotel to Greece, with an opening scheduled for 2029.





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