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.

According to INSETE data, the first three quarters of the year closed with an increase in the number of accommodations.

The new formula for value.