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A new luxury hotel will be built in Paphos for 40 million euros

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January 24, 2024

Last Updated

October 29, 2026

A new luxury hotel will be built in Paphos for 40 million euros

A new hotel complex will grace the Peyia neighborhood.

Carducci Estates Co Ltd has announced the start of work on the Hesperus Hotel complex in Paphos.

According to the developer's release, the project has already received all necessary construction permits from the Cyprus Department of Environmental Protection.

The 5-story hotel will have a total of 324 luxury rooms with 648 beds. The spacious and comfortable rooms will be designed in a sophisticated modern style and will be finished in calm colors. The balconies of the new hotel will offer magnificent panoramic views of the Mediterranean Sea.

At the disposal of the hotel guests, there will be a restaurant, offices, a magnificent lounge area, a spa, and a gym. The open first-floor area will also include two swimming pools, a public green area, and a parking lot. Photovoltaic panels will be installed on the roof of the hotel and a spacious parking lot with 222 parking spaces will be provided on the lower level.

The total built-up area will be 29,720 m2. The cost of the project is estimated at 40 million euros.

It should be noted that earlier Carducci Estates Co Ltd also announced its intention to build an elite residential complex in the municipality of Peyia, near the Sea Caves. 19 elite villas, built to the highest standards, will be neighboring the Hesperus Hotel complex.

В Пафосе возведут отель за 40 млн евро

Tourism in Cyprus has always been, is, and will be a priority for the island's economy.

Therefore, the government of Cyprus is not skimping to invest money in the development of its infrastructure. Cyprus is included in the list of the best European destinations, leading in terms of hotel quality. Every year hundreds of thousands of guests from abroad visit the island. Their number is growing rapidly.

According to the latest data from the Sub-Ministry of Tourism, there are more than 800 hotels in Cyprus, which can accommodate more than 80 thousand tourists. Despite this, there is an acute shortage of hotels in the country. Fortunately, this situation is gradually changing for the better, thanks to the construction of new hotel units.

Интересует жилье на острове Кипр

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