Investments to Boost Hotel Sector on Crete and Rhodes

Crete

Rhodes

The hotel sector on the islands of Crete and Rhodes will be boosted next year by a number of investments already in process or expected to take place.

According to a report by Greek daily Naftemboriki, it is estimated that in 2018 the bed capacity on both islands will be boosted by 10,000 (5,000 new beds each).

Crete

Crete Governor Stavros Arnaoutakis was recently reported saying that over 5,000 modern 5-star hotels are currently under construction on the island. According to Arnaoutakis, in the next five years the new beds on Crete will reach some 25,000, considering that tourism maintains its good progress.

Impression of Nana Princess.

Among the hotel investments on Crete is the 120-room Nana Princess in Hersonissos of the Karatzis Group. The new hotel will be located next to the company’s 5-star Nana Beach Hotel. The hotel, which will include private pools in almost all rooms, will open its doors in Spring 2018. Additionally, the Karatzis Group is planning to open another 350-room hotel in Ierapetra, Lassithi.

The Hersonissos Group of Hotels Group, which already has seven hotels in the Hersonissos area, as of this summer launched the five-star Abaton Resort of 150 rooms and an estimated budget of 25-30 million euros.

Meanwhile, a new 5-star hotel of 650 beds is under construction at the Madaros area in Rethymno, by Vantaris Hotels.

Episkopi Beach in Madaros, Crete.

The Madaros area will also host a new 5-star resort, owned by Pilotos SA, with a capacity of 776 beds in 295 rooms and bungalows. The hotel will be located in Petres, near the settlement of Karoti Municipality of Rethymnon.

In addition, the Mathioulakis Group, which already operates the 5-star “Minoa Palace Resort & Spa” in Platanias, Chania, is investing in a new five-star hotel with a capacity of 690 beds in the area of ​​Skoutelona, ​​Kolimbari.

Rhodes

Capsis Hotel on Rhodes.

Hotels expected to reopen their doors next year on rhodes include the 600-room Capsis in Ixia, following its acquisition by entrepreneur Nikos Koutras, and the 250-room Mayia Hotel in Kiotari of the Hatzilazarou Group.

Meanwhile, the Minettos group is expected to operate a new 330-room hotel in Gennadi and plans to run another hotel in the wider region in 2019.

Moreover, the Atlantica will also operate the Sensatori Hotel, with a capacity of some 400 rooms.