A 202-berth marina, part of the Elounda Hills resort investment project, will be developed on Crete. This is part of a wider integrated tourism resort comprising a 200-bed hotel, villas and holiday homes valued at € 410 million.
Crete: 10 August 2020
Mirum Hellas has announced approval for the construction of a 202-berth marina. This will be part of the Elounda Hills Resort, an environmentally-friendly luxury tourism project based in the popular resort area of Crete.
The resort will be located on an 80 hectare site overlooking Mirabello Bay. Both the hotel and the marina will be developed in phases corresponding to customer demand.
After completion, the venture is expected to create at least 350 permanent jobs and multiple seasonal employment positions.
The marina approval was implemented under Greece’s Fast Track Investment Licensing procedure.
Navigator Consulting offers investment due diligence, business planning, financial modelling and risk analysis for marina, hotel and tourism investments in Greece. We have advised on some of the largest hotel and marina investments and privatisations in Greece since 1997. For more information please contact us.
Philip Ammerman
Managing Director
Sources:
Financial Times: 30 August 2019
Mirum
Greek Travel Pages. 10 August 2020
Greek Travel Pages. 19 October 2018