Parklane, a Luxury Collection Resort & Spa Limassol is the only luxury internationally branded resort in Cyprus.

Prodea in 2020 announced the strategic collaboration with Invel Real Estate and YODA Group of Mr. Ioannis Papalekas, in the hospitality sector. MHV will be the investment arm of the Group in the hospitality and tourism sector in Greece, Cyprus and the wider Mediterranean region, and already, as Prodea recently announced,

The historic hotel passes to the Tsakos Business Group.

The tourist accommodation complex will be spanning in a 210 hectares space and the total cost of the project is estimated at €418 million.

The Special Urban Plan and the Strategic Environmental Impact Study were approved by the Metropolitan Planning Council.

Apollo Investment Holdco SARL engaged tha purchase for a total of €394 million.

Dolphin Capital said it has agreed the sale at a €140 million value.

The total area of the property at Kassiopi, Corfu, is 490,000 square meters, in which 438,228.89 sq are being transferred and the investor.

The company has a portfolio of tourist properties, offices, homes and mixed properties.

Five hotel units, with a total capacity of 1,800 beds in Mykonos and Corfu, were bought by Grecotel. The total the investment amounted to 61 million euros, while an additional 43 million euros will be allocated for the upgrade of hotels and villas for sale.