An Australian group of investors have announced plans to build a mega luxury resort on the southern shores of the Greek island of Ithaca.
The planned ILIAD resort will include six luxury hotels and 1,020 suites, a marina to accommodate 200 yachts (and possibly cruise ships), an 18-hole Greg Norman designed golf course and a waterfront village.
The developer, project and construction manager for the planned oceanfront resort is Portfolio International Holdings Limited. The company currently oversees all aspects of the project’s development works for the owners, Smenter Limited.
According to Portfolio, once the project is completed it will be the largest master planned resort in the Greek Islands.
Leading hotel management companies have already expressed an interest to manage, brand and operate individual hotels, villas and residences of the ILIAD resort.
Some one billion euros is said to have been invested in the project.