The Greek Ministry of Development has approved subsidy support for six hotel investment plans across the country, covering new builds, expansions, and modernisations in Piraeus, Rhodes, Paros, Samos, Ikaria, and Limnos. The decisions were published by the General Directorate of Development Laws and Foreign Direct Investments.
In Piraeus, the company PIRAEUS SECRET PORT CITY will receive support for the construction of a 4-star hotel with 21 rooms and 34 beds at 21 Aristidou Street. The total eligible cost is €1,179,924, with a subsidised amount of €1,137,878.40.
On Rhodes, TOURIST CONSTRUCTION AND COMMERCIAL ENTERPRISES D. KALIOUDAKIS – M. RODITIS S.A. will undertake a comprehensive modernisation of the ACHILLEION hotel at 14 Charitou Square, in the Ekato Hourmadi area. The total eligible and subsidised cost is €3,000,001.
On Paros, ERGOKAT SML CONSTRUCTION CONTRACTING COMMERCIAL TOURIST INDUSTRIAL SOCIETE ANONYME will establish a new 4-star hotel with 27 rooms and 57 beds in Piso Livadi. The total eligible cost is €3,734,335.40, with a subsidised amount of €3,645,598.23.
On Samos, HOTEL TOURIST ENTERPRISES – TOURISTIC KARLOVAS SOLE-PERSON S.A. will expand the capacity of the 4-star Erato hotel by 48 beds, from 94 to 142, at 115 Kanari Street in Karlovasia. The total eligible and subsidised cost is €2,412,273.
On Ikaria, LAKIOS ELECTRICITY GENERATION COMPANY S.A. will build a new 5-star hotel with 27 rooms and 62 beds in the municipal unit of Agios Kirikos. The total eligible and subsidised cost is €3,938,019.84.
On Limnos, KASTRO HOTELS will modernise a complete hotel that has ceased operation for at least two years before the application submission date, located at Romaikos Gialos Site in Myrina. The total eligible and supported cost is €5,008,000.
Why it matters
These six subsidised projects signal continued public support for upgrading Greece's hotel stock, particularly on less-saturated islands such as Ikaria and Limnos, which may offer new inventory for tour operators seeking differentiated product. The inclusion of a Piraeus city hotel also points to growing interest in Athens' port area as a base for short breaks or cruise pre/post stays. The total eligible investment of over €19 million, while modest in aggregate, represents targeted capacity additions and quality improvements that could influence regional supply dynamics for the 2027 season and beyond.
