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Russian capital is coming to Chalkidiki

11 May 2014 / 14:05:21  GRReporter
4689 reads

Let’s welcome the rouble! Investments of Russian investors in Chalkidiki will amount to at least 300 million euro, according to the assessment by the Union of Hoteliers in Chalkidiki.

It is believed that these investments will create 10,000 jobs. The goal of the Russians is to create luxury hotels and villas.

Pomegranate Wellness Spa Hotel

Pomegranate Wellness Spa Hotel is an investment of Russian capital exceeding 25 million euro, according to the report of the Ependitis newspaper, and it has created 200 jobs. The hotel has 172 rooms, as well as one of the largest spa centres in Europe and was officially opened a few days ago. Its congress centre will be completed by the end of September with a capacity of 500 people. It will host events and congresses with international participation. Russian businessmen, who bought the hotel from its Greek owner, have fully renovated it and are also planning to make other investments in Chalkidiki.

Agios Ioannis

Agios Ioannis in Sithonia is a popular tourist destination. Its total area is 261,000 square metres, 200,000 m2 of which are used. It also has a 2 km beach. The Agency for Public Private Property provided the terrain to brothers George and Yiannis Mentekidis who submitted the only offer.

The Mentekidis are the largest builders of large commercial complexes and office space in Thessaloniki and their name is associated with the biggest investment in the city. Their investment in Agios Ioannis will amount to 50 million euro and will include a hotel of area 12,000 square metres as well as a 25,000 square metre settlement. The hotel will have about 250 rooms, and the settlement will have 120 housing units.


A few days ago, the Agency for Public Private Property and Russian businessman of Greek origin Ivan Savidis signed a contract for the transfer of a property worth 14 million euro in Paliouri, Kassandra. 80 million euro is expected to be invested in 320 acres of housing and hotels.

Med Sea Health & Mare Village

Another Russian investment worth 150 million euro is expected to be completed Near Paliouri in 2015. A 5-star complex including a hotel with 640 beds, a spa centre, a marina for 90 boats and a settlement of 150 houses is being created in Kanistros on an area of 330 acres. The investment is made by the hotel and health services company Med Sea Health and the hotel and property company Mare Village. The spa centre will have 62 luxury rooms and villas will be sold.


Oaktree Capital Management and Sani have signed a contract for the development of a new chain of luxury resorts in Greece. Sani has one of the most important resorts in the country-Sani Resort Kassandra. The Oceania Club hotel complex in Nea Moudania, Chalkidiki is also managed by Sani and is the first example of cooperation between the two companies. It is believed that the consortium will also buy Gerakina Beach Hotel Chalkidiki which has been closed for two years and which is sold by the National Bank.

Tags: Russian investments Chalkidiki five-star hotels villas
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