“Green light” for the construction of a luxury hotel in Crete
After a delay of 20 years, the investment at Cavo Sidero has been approved as a ‘Fast Track’ procedure.
“Itanos Gaia” is an investment of Loyalward (now part of Minoan Group) with a budget of 267 million in Sitia, in the Kavo Sidero area.
The investment involves five hotels with a total capacity of 1,936 beds, an 18-hole golf course and a wellness center.
The investment is expected to create 1,200 direct jobs, help to extend the tourist season and attract high class tourists.