Tourism investments of several tens of millions have recently been included in the Development Law of 2022 and concern both the creation of new hotel units and the modernization of existing ones.

Among the main investments, which were subsidized in the form of tax exemptions, the following stand out:

Electra Hotels 

Modernisation of the existing 5* hotel unit, Electra Palace, in Rhodes.
Project: €11 million.
Subsidy: €3.52 million.

Hotels Louis Hotels

Modernisation of the existing hotel unit, Ionian Sun, in Corfu, with a final capacity of 272 beds / 135 rooms, and upgrade to 5* category
Project: €10.7 million.
Subsidy: €3.424 million.

White Olive

Establishment of a 4* hotel in Rhodes
Project: €10.2 million.
Subsidy: €3,264 million

Marbella

Modernisation of the 3* hotel unit, Corfu Senses Resort, in Corfu and upgrading to a five-star category
Project: €10.164 million
Subsidy: €4.066 million.

Crete Hotels Mitsis

Modernisation of 150 rooms (300 beds) and related public areas in a 5* hotel unit with a total capacity of 435 rooms - 914 beds, in Heraklion, Crete
Project.
Grant: €4 million.

Lindos Olympia International Village

Modernisation of an existing 5* hotel unit, Lindian Village, in Rhodes
Project: €9.355 million.
Subsidy: €2.994 million

Marbella

Establishment of a 5* hotel unit in Perdika, Igoumenitsa
Project: €8.8 million
Grant: €4,224 million

D.T. Global Investments

Establishment of a 5* Hotel Unit in Ermioni
Project: €8.6 million.
Grant: €88.6 million, €2.752 million.