On Friday, November 19, 2021, Allea Group announced the receipt of a permit for the implementation of one of the most anticipated development projects of the island, combining the first hotel of the international Hyatt hotel chain in Cyprus - Grand Hyatt Limassol, premium apartments and villas.
A new seafront luxury resort with an area of more than 10 hectares will be located in a prestigious area of Limassol on the blue flag beach.
The concept of the resort is focused on the family and its daily needs. In addition to the Grand Hyatt Limassol Hotel, the resort will include apartments with panoramic views of the Mediterranean Sea and the coast of Limassol, as well as a gated gated community of villas. All residents of the resort will be able to take advantage of a wide range of first-class infrastructure and the Grand Hyatt Limassol hotel service, located within a one-minute walk.
In 2020, AlleaGroup signed an agreement with Hyatt to build a 5-star hotel as the dominant resort. The Grand Hyatt Limassol will be one of the first hotels in Cyprus to be managed by an international hotel operator. The hotel will include 300 luxurious rooms, a fitness club with a total area of 3,000 m2 with a SPA area, an indoor pool of 25 m, several premium restaurants and a beach club, thanks to which the resort will undoubtedly become a new point of attraction in Limassol.
The construction of the complex is scheduled to begin in 2022.
The first phase of construction includes the construction of a building that will house a hotel and service apartments. The apartments will be located in the tower, directly above the east wing of the hotel from the 8th to the 24th floor, and will have endless views of the Mediterranean Sea and hilly mountains. As part of the second phase of the project, it is planned to build a closed club village with villas in the northern part of the site, offering its residents absolute privacy, security and a truly idyllic lifestyle with a 5-star level of service.
To create the most modern, innovative and eco-friendly residential resort on the island, Allea Group has formed an international team of professionals. The leading architectural firm SB Architects (USA), the iconic interior design studio Rockwell Group (USA), the landscape bureau EDSA (USA) have joined forces and created a unique project of its kind, which will become the flagship in the world of luxury real estate in Cyprus.
'We are pleased to announce that a permit for the project has been received, and we are preparing to start construction in the near future. As a professional international investor, we see the potential of Cyprus in a unique combination of a growing innovative business hub and a promising place for a comfortable quality life and recreation. We are honored to be part of the expansion of the global Hyatt hotel chain. In our project, we strive to create the most comfortable and private environment for those who appreciate high-class 5-star service, world-class design and a wide range of opportunities for the active life of all family members', comments Sergey Korol, owner of Allea Group.
About Allea Group
Allea Group is a large investment and development holding company with a diversified portfolio of exclusive residential and commercial projects, awarded with international awards, in Central and Southern Europe. The company's mission is to create unique projects out of time, combining the knowledge of the best experts, advanced ideas of leading architects and innovative solutions of designers, as well as the best practices of leading construction companies.
More information about the project, the developer, as well as a list of all available objects for sale and rent, can be found on DOM.