An iconic partnership between Mandarin Oriental Hotel Group, Lamda Development and TEMES on the coastal front of The Ellinikon
Dubai – BELT Riviera S.A., a company established by TEMES S.A. and HELLINIKON S.Μ.S.A., has signed an agreement with Mandarin Oriental Hotel Group for the management of Mandarin Oriental, Athens, a new hotel and luxury branded residences to be developed on the coastal front of The Ellinikon and targeted to open in summer 2027.
According to current plans, the investment includes a 5-star hotel with 123 rooms and suites, along with 17 luxury branded residences affording breath-taking views of the Saronic Gulf and direct access to the sea. The hotel will showcase the legendary hospitality for which Mandarin Oriental is renowned, as well as an array of dining options and leisure offerings. It will also feature indoor and outdoor event spaces for meetings and social gatherings, all just a few minutes from the cosmopolitan Agios Kosmas Marina. Additionally, The Spa at Mandarin Oriental will offer the Group’s signature wellness therapies and beauty treatments, with a focus on locally inspired programmes.
The combination of high-end contemporary design, unobstructed sea views and a premium coastal beachfront location in the heart of the Athenian Riviera will make Mandarin Oriental, Athens, a truly singular destination.
James Riley, Group Chief Executive of Mandarin Oriental Hotel Group: “We are delighted to be working with TEMES SA and Lamda Development SA on this project. I am confident that with this location and our legendary service, Mandarin Oriental, Athens will be the leading luxury hospitality hub for both travellers and Athenian residents”.
Odisseas Athanasiou, CEO of Lamda Development: “This new high-standard hotel complex will become another aesthetically superior landmark and serve as an additional international point of reference for this iconic investment of The Ellinikon.”
Achilles V. Constantakopoulos, Chairman of TEMES S.A.: “We are thrilled with the progress of our strategic partnership with Lamda Development, and very proud to welcome together this exceptional brand to the Athenian Riviera.”
Mandarin Oriental, Athens will be the Group’s second property to launch in Greece, following Costa Navarino. Through this agreement, the world-renowned brand will establish its presence in the Greek capital, showcasing its trust in the country as a continuously growing high-end destination.
About Lamda Development:
LAMDA Development, listed on the Main Market of the Athens Exchange (ATHEX), is a holding company specializing in the development, investment and management of real estate. LAMDA Development Group retains a leading position in the large shopping and entertainment sector in Greece, with investments as well in residential and office space developments primarily in Greece and in Southeastern European countries. The Group investment portfolio includes four shopping and entertainment centers (The Mall Athens, Golden Hall and Designer Outlet Athens in Athens, and Mediterranean Cosmos in Thessaloniki), office buildings, residential complexes as well as the Marinas in Flisvos and The Ellinikon. LAMDA Development has undertaken the complete urban regeneration of the Ellinikon-Aghios Kosmas Metropolitan Pole (including the area of the former “Ellinikon” airport and the coastal front), which will be the largest private investment in Greece and one the largest urban regeneration projects in Europe. The budget of the estimated investment for the project is €8 billion. The majority stake in the company is held by the Latsis Group.
About TEMES:
TEMES Group is a leading investor, developer and operator of high-end tourism and real estate destinations in Greece. Costa Navarino, the Group’s flagship development, is one of the largest tourism investments in the Mediterranean. The destination encompasses five distinct resort areas developed on c.1,000 hectares, featuring 5-star hotels, luxury private residences, signature golf courses, and many year-round facilities and activities. The Group also controls Ionian Hotel Enterprises S.A., owner of a historic and flagship property in the center of Athens, which is currently being transformed into a new city destination. Additionally, TEMES has partnered with Lamda Development S.A. in the development of two five-star hotels along with branded residences, as part of the landmark project of The Ellinikon.
About Mandarin Oriental Hotel Group:
Mandarin Oriental Hotel Group is the award-winning owner and operator of some of the world’s most luxurious hotels, resorts and residences. Having grown from its Asian roots into a global brand, the Group now operates 36 hotels and nine residences in 24 countries and territories, with each property reflecting the Group’s oriental heritage, local culture and unique design. Mandarin Oriental has a strong pipeline of hotels and residences under development, and is a member of the Jardine Matheson Group.
