Major Luxury Tourism Projects Across Greece Help Boost Economy

Foreign investors are placing their bets on Greek tourism with more than 3,200 new rooms in the works.

Experts say new accommodation units, most in the luxury category, as well as the accompanying services, will further boost the tourism sector and help the Greek economy.

Among the projects underway are Miriam Hellas in the Lassithi prefecture of Crete, which will be handled by a Russian-interests consortium. The project is budgeted at 408 million euros and involves the development of 850 acres of land near the popular Elounda area which will include 380 tourist homes, three five-star hotels as well as a marina, shops, wellness centers, restaurants and bars, athletic centers, and recreational parks.

Another is the Arabic-interests RSR Eagle Resort in Karystos, Evia, which will include some 400 tourism residences, hotels, a marina, and a conference center with a budget of 200 million euros.

To read this article in full, please visit: Greek Travel Pages