The hotel will continue to operate under the Hyatt franchise and be managed by a Yiannis and Tina Daskalantonakis' interests firm.

Over the past 12 months alone, prices have increased by 27.8%

They will operate as hotels, enhancing the tourism hospitality infrastructure.

The project was implimented through financing secured from the former Bank of Pancreta

The sale price is €6.5 mil. while the fair value of this property as at 30.06.2023 was €4.1 mil.

Real estate contributes about 20% to 35% to the country's total FDI every year.