Winners and losers in tourist destinations and major cities.

The property, with a total area of 28,600 sq.m., includes existing structures amounting to 7,100 sq.m., while the remaining available building capacity is approximately 40,900 sq.m.

Only 161 projects are expected to start within the next 12 months, providing the region with 48,251 rooms.

Provisions of the preliminary agreement signed by the listed company.

The London-based fund Zetland Capital Partners has owned it since 2022.

The total contract price amounted to €4 million, paid in a lump sum, and the tender process was conducted in a single phase.

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

The property will comprise 121 elegantly appointed rooms and suites, along with branded residences housed within 13 exclusive villas.