Project Paphos, CYPRUS

Hotel Development

PAPHOS , CYPRUS 70 million euros

Maria Hadjitheodosiou

Property Manager

Our Group, which consists of a Luxury collection of hospitality Brands is developing a new mixed‐use development in Paphos, Cyprus and is currently seeking financing for the real estate component of the project. The Group is the sole owner of the project and the 21.006 m² plot of land.

Mixed Use Project Summary

Pafos awakens to luxury coastal lifestyle with breathtaking views. Our Group’s project will be the first mixed use development inPafos with 2 towers. One multi‐storey tower will have a 170 key, five‐star hotel and the second a multi‐storey apartment building with 39 units. The pool area and the gardens will be shared between the two developments and apartment residents will have access to all hotel facilities and full hotel services. The hotel will have a pool bar serving creative snacks, a sea‐view sky bar / restaurant and all‐day dining restaurant with live open kitchen also serving the local community, a gym and spa, banquet and conference facilities, and luxury fashion retail space. The owners will have the option to place their apartments in the hotel’s rental pool. Our Group’s reputation in the market will add significant value to the development in terms of the premium we will be able to command and the facilitation of pre‐sales through our existing client base.