An ambitious 418-million-euro tourism investment in the valley of Ermioni, near Argos in the Peloponnese, is moving to the next phase after Greece’s Central Administrative Council approved this week a joint ministerial decision on the project. The decree is now scheduled to be published in the Government Gazette.
LSE-listed real estate company Dolphin Capital Investors will be implementing the Kilada Hills luxury resort which will include the construction of 100 hillside residences, 88 villas and a 100-room hotel, a health and wellness center, a beach club and an 18-hole golf course with 260 residences and clubhouse. The venture, targeted at high-spending travelers, is set to initially create 300 new jobs.
“We are finally seeing the implementation of major tourism projects that will contribute significantly to the Greek economy,” said Alternate Economy Minister Stergios Pitsiorlas, who participated in the meeting.
In the meantime, Dolphin Capital signed an agreement late last year with One&Only Resorts Limited for the development and management of a luxury tourism project on the Cycladic island of Kea. One&Only Resorts, created exclusively for the ultra-luxury market, is a subsidiary of Kerzner International Holdings Limited.
Other Dolphin Capital Greece projects include the Nikki Beach Resort & Spa, part of the Porto Heli Collection, and Amanzoe.