TEMES and Lamda Finalize Plan for Two Luxury Hotels on Athenian Riviera
Construction firms TEMES SA and Lamda Development announced this week that they had finalized their agreement to develop two 5-star hotels and a number of branded residences along the Athenian Riviera scheduled to be completed by the end of 2026 and part of the multi-million-euro Ellinikon Project.
The project, budgeted at 300 million euros, includes under the Belt Riviera SA – Hellinikon SMSA (a Lamda subsidiary) agreement, the construction of a 160-room, 5-star hotel, outdoor spaces, seaside dining and entertainment venues, a luxury beach club, a health club, recreation, fitness and beauty facilities, in addition to a residential complex consisting of 17 luxury branded homes/apartments with views to the sea.
A second agreement between Malt Riviera SA and Hellinikon SMSA, concerns the construction of a 220-room, 5-star hotel and a residential area consisting of 49 branded villas/apartments next to the refurbished Agios Kosmas Marina and on the coast of Elliniko in Glyfada.
The companies announced that the hotel design will be undertaken by a leading international architectural offices and the management of the hotels by global hotel operators.