Greek hospitality group Mitsis Hotels is rolling out a 500-million-euro investment plan to develop some new tourism projects in Greece.
The program conceived by Mitsis Hotels includes the development of new luxury hotels on the islands of Mykonos, Rhodes and Crete, and at the port of Piraeus. The tourism projects et to be completed by 2027.
According to the group, « Greece has managed to boost entrepreneurship during the last few years by reducing bureaucracy, speeding up licensing procedures and decreasing taxation ». It is thus an attractive destination for tourism operators who want to expand their offer.
The Covid-19 pandemic is just a circumstance and people are eager to travel again. Meanwhile, the Greek government has created the right conditions for more investments to take place in Greece.
Christina Mitsi, President of Mitsis Hotels
The group aims to develop a unique tourism destination in the Golf-North Afantou area on the island of Rhodes. In order to do that, Mitsis Hotels had recently acquired a 1,350-stremma plot. It will create three hotels, a marina as well as a shopping mall on this area.
Mitsis Hotels also acquired a 150-stremma plot on the island of Mykonos where it will develop a new hospitality property of 225 rooms and villas, and most likely a marina.
Furthemore the group is in discussions with local entrepreneurs on Crete to acquire two hotels outside Heraklion, and also plans to turn an old factory located next to the Piraeus port into a 150-room boutique hotel.
In 2021, the group completed a four-year investment project worth 100 million euros that included various tourism projects involving the purchase of a historic hotel in the center of Rhodes.
On the occasion of the 7th Delphi Economic Forum, Christina Mitsis participated in a panel discussion on hospitality and tourism investments along with Iasson Tsakonas, Managing Director of Oliaros, Stelios Koutsivitis, Chairman of SWOT Hospitality, Leon Avigad, Founder & Co-owner of Brown Hotels and George Kyvernitis, Managing Partner of Kyvernitis Travel.
