Petalioi

Grivalia Hospitality's long-term planning includes three new big projects like the ones it is operating or developing during this time, Giorgos Chrysikos, its president and CEO, has told Kathimerini.

Grivalia Hospitality has announced an investment of 280 million euros for the construction of a luxury hotel complex on the island complex of Petalioi, off Evia.

The development will take place on Megalonisos, the largest island in the complex, and concerns a super-luxury resort of very high standards.

Business and pleasure was at the forefront of Bill Gates' brief stay in Greece. Greek hospitality, the sun and the turquoise waters of the Aegean, in fact, seem to have whetted the investment appetite of the Microsoft co-founder.

Part of the Petalioi island complex, off the coast of Evia, is to be auctioned off on Wednesday at a bargain price.

Alpha Bank has put up 50 percent of Petalioi Estate SA for sale with a starting price of 2.7 million euros. This share of the company belongs to Maris Empeirikos who owes Alpha 1 million euros.

A privately-owned Greek island has been selected among the world’s top 22 by Conde Nast Traveler (CNT) for those who wants “utter seclusion and perfect peace, in a location off-limits to everyone”.

For 6,700 British pounds per week, holidaymakers can rent a privately-owned island and villa at Petalioi complex of islands, 45 minutes from Athens by speedboat.