Ikos Odisia of Ikos Resorts is an investment of 125 million euros and is expected to operate in the 2023 season.

Construction work is scheduled to start during the second quarter of 2022.

The transaction, once closed, will significantly increase PATRIZIA’s current residential AUM of €16billion.

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"We are expanding into the luxury hotel market," Aristotelis Karytinos told ered

Expected to open in summer 2022, W Costa Navarino is anticipated to mark the latest addition to the ever-expanding W Escapes portfolio in Europe following locations in Spain, Switzerland and Portugal.

The bid offered for this property was €2,351,000.