Crete’s Elounda Hills tourism investment project continues without delays – as planned, a Mirum Hellas representative told Greek state TV channel ERT this week.
Mirum Hellas, the company responsible for the project, belongs to the Russian-interest Mirum Group, owned by Vitaly Borisov, who is its CEO.
“The company [Mirum Hellas] is Greek, while the investment has attracted funds from all over the world,” its representative said.
The announcement came amid concerns about the project’s development following Russia’s invasion of Ukraine and the sanctions imposed on Russia and Russian entrepreneurs.
The 500-million-euro tourism investment project includes the construction in Agios Nikolaos, Crete, of 1 Hotel & Homes Elounda Hills, a sustainable luxury tourism resort by 1 Hotels, expected to open in the summer of 2025.
Mirum Hellas will develop the property, while SH Hotels & Resorts will operate it upon opening.
Source GTP Greek Travel Pages
