HIP is owned by real estate funds, managed by Blackstone.

By the end of 2020 Apple Leisure Group (ALG), has also taken over the management of three hotel units in Greece in the midst of the COVID19 pandemic.

A happy ending for four HRDH competitions

The real estate investment firm is expanding its presence on the island.

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.