The Cypriot hospitality industry is experiencing a true renaissance: more than ten new and fully renovated hotels are preparing to welcome their first guests as early as 2026. After several difficult years related to the pandemic and the decline in tourism, the hotel market is once again showing confident growth. Investors are actively putting money into the construction of new hotels, while owners of existing properties are carrying out large-scale renovations to meet modern travelers’ expectations.
Nicosia: Upgrades Ahead of Cyprus’s Presidency of the Council of Europe
In the capital, several major projects will be completed in 2026. MHV Mediterranean Hospitality is nearly finished building The Landmark Nicosia, Autograph Collection. This 5-star hotel is scheduled to open in January 2026, when Cyprus assumes the Presidency of the Council of Europe. The project includes two skyscrapers and a modern conference center designed for international delegations and business tourism.
At the same time, Leonardo Boutique Hotel Venetian Nicosia, part of the Leonardo Hotels chain, is preparing to open, along with the new Maralia Hotel—a cozy 2-star boutique hotel with 40 rooms located just outside the Venetian walls. In 2026, the fully renovated former Holiday Inn, now operated by MHV, will also begin welcoming guests.
Limassol and Paphos: New Premium Resorts
Construction activity is booming in coastal cities as well. In Limassol, the Leonardo Hotels chain is preparing to open the renovated Grand Resort Leonardo Limited Edition, which closed for renovation in November 2025. The hotel will begin welcoming guests again in April 2026.
In Paphos, the luxurious Nalu Latchi Leonardo Limited Edition resort on the seafront is expected to open in summer 2026, along with the new Serbellas Boutique Hotel in Kissonerga, located just 600 meters from the site of the future Paphos marina—a project already described as one of the region’s most ambitious tourist developments.
Larnaca: Reviving Classics and Adding New Boutique Hotels
Larnaca is also attracting significant tourism investment. After a two-year renovation, the iconic Palm Beach Resort Hotel will reopen, featuring a combined tourist zone on the Oroklini shoreline. In the old town, in the Agios Lazaros area, two new boutique hotels are set to launch in 2026—one housed in a restored historical building, and the other, St. Lazarus Hotel, currently under construction.
Additionally, the Parayialia Hotel—the first 4-star hotel in the municipality of Dromolaxia–Meneou—is also expected to open. According to the Larnaca Local Government Organization, another 20 applications for new tourist developments are under review, most of which involve small boutique hotels and properties adapted for the Airbnb format.
Ayia Napa and Protaras: Two New Five-Star Resorts
In the free areas of Famagusta, two new flagship resorts will open in 2026—The Nines on the famous Nissi Avenue in Ayia Napa and Sunrise Emerald on the Protaras coastline. The upgrade of the Polyxenia Isaak Luxury Villas complex continues as well, recently purchased by a Russian investor. Following full reconstruction, it is expected to become one of the most prestigious resorts in this part of the island.
Tourism of the Future: Cyprus Invests in Quality
According to the Cyprus Ministry of Tourism, 20 new hotels are currently under construction across the island, including properties in Limassol, Protaras, Paphos, Ayia Napa, and Nicosia. However, of the 720 active tourist establishments, only 139 hold an official license, highlighting the need for further regulation of the sector.
Nevertheless, experts predict that 2026 will be a turning point: Cyprus intends to strengthen its status as one of the leading tourist destinations in the Mediterranean, focusing on high quality, sustainable development, and premium service.