Lamda Development inks deal to erect 1st Mandarin Oriental hotel in Athens
The deal was signed by Belt Riviera SA - a company established by Temes SA and Hellinikon SMSA - with Mandarin Oriental Hotel Group.
Apart from a 5-star hotel with 123 rooms and suites scheduled to open in the summer of 2027, the agreement includes plans for 17 luxury branded residences on the so-called Athens riviera near the Agios Kosmas marina, overlooking the Saronic Gulf.
Commenting, Lamda Development CEO Odisseas Athanasiou noted that, "this new high-standard hotel complex will become another aesthetically superior landmark and serve as an additional international point of reference for this emblematic investment of The Ellinikon."
Mandarin Oriental Athens will be the Group’s second property to launch in Greece, following its Costa Navarino investment.