The renovation program is worth €36 million and will create at least 150 new jobs.

Everything is looking down for Europe’s worst-hit sector: Real estate.

The company's portfolio comprises more than 6,500 properties of the most important banks and investment schemes in Greece

The future Meliá Bečići Budva will have 294 suites, of which 140 will be apartments measuring up to 118 sqm, all designed to adapt to the different needs of different types of travellers.

The acquisition is part of its property development arm Gamuda Land’s quick-turnaround-project (QTP) strategy

Lamda Development organized a second event-tour in the site.

The seller is Bain Capital that had purchased the property in 2017

Sotheby's International Realty's the Luxury Outlook report is for the first time published to cover also Greece.