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Mount Parnes Completes First Phase of Major Renewal

The project included the complete renovation of the casino premises and the replacement of the unit's mountain cable car systemJust a year after taking over management of the Mount Parnes Casino, Regency Casino has completed its initial first phase investment program at a cost 23 million euros. The project included the complete renovation of the casino premises and the replacement of the unit’s mountain cable car system.

Reconstruction of the cable car system began with a 12-million-euro investment to replace the site’s entire system with ultra-modern 20-person cabin units that are capable of transporting 2,000 people an hour compared with the old system that carried a maximum of 280 passengers an hour. The new system, one of only eight such in the world today, is said to be the most modern and most safe system in Europe.

But while the cable system is there to stay, the casino renovation project undertaken is but a temporary measure as the company intends to rebuild the resort from scratch. Present renovations were under the supervision of the same designer who oversaw the radical renovation of the historical Grande Bretange Hotel.

Within the next 24 months, Mount Parnes will be transformed into a new 91-room luxury resort hotel complex, which will include 22 suites, a modern spa and a new casino. All rooms will have a 180-degree view of the capital city below from the top of Mount Parnithas, the highest mountain in the Attica area.

The new structure will be a stone-built one that follows Greek traditional mountain architectural style and one that will boast all the amenities of a superior five-star hotel unit. The budget for the project has been set at more than 100 million euros.

Mount Parnes is 51-percent-owned by the state with the remaining 49% being controlled by Hyatt Regency.

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