The property is a seaside hotel in Loutraki, which operated in the past as “ELPIS” and closed its doors more than 15 years ago. The building was constructed in two phases; the first phase was completed between 1967-68 and the second phase a decade later. The location of the asset is excellent as it offer exquisite views of the sea and the park.

The envisaged development of the property involves its conversion into into a unique beach hotel, which will include a lounge lobby bar and breakfast area, while the top floor will be transformed into an outstanding rooftop terrace, offering one-of-a-kind views of the sea.