From the total amount of that area, 294.063sqm shall be dedicated to hotel and other tourist facilities.

The company said it planned to fully absorb Touristika Theretra SA by the end of 2018.

Following these acquisitions, the joint venture has almost doubled its portfolio in one year, in nine locations, four of which are located in Greece.

The five hotel businesses are located in the Greek Islands with two in Corfu, two in Zante and one in Crete.

Hard Rock International (HRI), the other candidate in the tender, has a 10-day deadline to object to the decision or to resort to the Council of State.

Hines Group intends to invest another 30 million euros in the renovation and modernisation of these three hot

The first tranche that BELTERRA INVESTMENTS Ltd will pay for the portfolio will reach a total of €205.000.000.

Construction of a marina, holiday homes and hotels are comprised in the new Project.

Marriott International is continuing its expansion in the all-inclusive space via a new, long-term partnership with Sunwing Travel Group's Blue Diamond Resorts arm, under which Marriott plans to more than double its existing all-inclusive footprint.

Grivalia Hospitality said it will acquire all companies related with the specific project, currently owned by DCI and its subsidiaries.