The remaining sections of the hotel are fully operational.

The Cypriot group presented an investment plan with a three-year horizon.

The rooms from 25 to 115 sqm, with a total area of 207 sq.m., can accommodate meetings of up to 105 people.

The project will add 35 rooms to the hotel, 11 more than the original feasibility study allowed, bringing the number of rooms to 184.

The total amount of the investment will reach 20 million euros.

Economic growth is set to be below trend and historic rates in 2024 according to JLL.

This new policy, as well as the strengthening of the rules for outdoor security cameras, will take effect on April 30, according to the company.

The property overlooks the Aegean Sea and features six food and beverage venues.

The acquisition price is €97 million.