THINGS must be picking up in the Greek economy, despite recent problems, when the Minoan Group announced that they are planning a new leisure investment of 250m Euros, and it will centre around the area of Lasithi, and by this we mean near to the proposed new airport.
Minoan Group Plc’s operations in Greece currently centre on the
development and subsequent operation of what they plan to be a new
landmark for tourism in Greece. The project will include a number of
small to medium sized hotels of extremely high standards, both in terms
of the service offered and environmental credentials.
It is the Group’s intention that the development and operation of the
Project will be undertaken with financial and other partners of
substance. These partners will include Hotel Operators who are capable
of enhancing the Group’s vision of a very high quality, environmentally
impeccable tourist destination with long term sustainability built in to
the design and operating procedures.
The site for the Project is the Cavo Sidero peninsula, a spectacular
location extending into the Mediterranean from the North Eastern coast
of Crete in the prefecture of Lasithi. The site, in the locality of
Itanos, will be held on a long lease granted by the Ecclesiastical
Foundation, Panagia Akrotiriani and comprises 25,000 stremmata (over
6,000 acres). It has 28 kilometres of coastline, numerous secluded bays
and inlets as well as an interior with rolling hills where herbs such as
thyme and marjoram are part of the natural vegetation.
With a built footprint of less than 0.5% of the site the Project aims
to preserve the landscape and leave more than 90% in its natural state
and create conditions for the regeneration of vegetation.
The history of Itanos began 5.000 years ago and the broader area is
rich in archeological sites. These include ancient palaces and towns,
including the partially submerged ruins of Itanos itself. Together with
old tales and traditions they form a unique cultural heritage. .
In the North East of the area they have designed a project to blend in
with and complement the landscape. It will be a new destination for
Crete and Greece.
The construction cost of the new project is estimated over 250 m. Euro
and will be undertaken through one or more Joint Ventures with
appropriate partners.
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