The much-needed new space will be delivered across two units of 200,000 sq ft and 140,000 sq ft, respectively.
The renovation works will begin in the spring, while the total investment amounts to €1 million.
The project will add 35 rooms to the hotel, 11 more than the original feasibility study allowed, bringing the number of rooms to 184.
Projects of various scales under way
In the EU, in the fourth quarter of 2023 compared with the same quarter of the previous year, the costs of hourly wages & salaries increased by 3.8%
The total amount of the investment will reach 20 million euros.
According to the "Danos Group Property Market Overviews for the 2nd Semester of 2023", average house sale prices in the Crete has been stabilising.
The construction contract amounting to 100 million euros
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