Aldemar plans hotel and residential development in Ilia

Aldemar is preparing a major development project in Skafidia, Ilia, which includes a new hotel with approximately 270 to 280 rooms and 70 beachfront villas. The project has received licensing for the hotel and villa components, and the group is currently in discussions with a major business partner to implement this phase.

The broader development plan encompasses more than 800 residences distributed across three settlements. These residences are intended for various uses, including housing for the elderly and properties available for tourist exploitation through organized management services. Under this model, owners would retain most rental income while paying fees for provided services.

Alexandros Angelopoulos, Chairman and CEO of Aldemar, noted that the group’s existing unit, Olympian Village, is expected to exceed 24 million euros in turnover this year. Looking toward 2027, the company anticipates a more conservative growth rate of 1% to 1.5% due to the international environment and operating costs.