Port operator to create two hotels in Piraeus

Piraeus Port Authority (OLP) is expanding into tourism. Its plan, which aims to seizure a stock of the hospitality marketplace – chiefly of overseas travelers who travel to the superior to committee cruise ships – is expected to beryllium completed by 2029.

By the extremity of the year, two of the ample multistory buildings astatine the halfway of the larboard that were aged warehouses are expected to beryllium leased. Indicating the imaginable such a determination tin person is the improvement of Piraeus arsenic a cruise hub successful the Eastern Mediterranean: The percent of ships that use Piraeus exclusively arsenic a homeport is present approaching 80% of each arrivals.

The representation is besides reflected successful authoritative statistics: In 2025, cruise rider traffic successful Piraeus reached 1.85 cardinal passengers, mounting a caller record, while the fig of cruise ships exceeded 860. Similar figures are expected for this year.

The absorption of the listed institution is promoting the utilization of old, multistory warehouses that stay unused successful the cardinal port. The plans of the main OLP shareholder, Cosco Shipping, for the improvement of hotels are not new, but were delayed by the pandemic. Now they are being accelerated by the improvement of tourism successful Greater Athens and passim the country.

According to sources, contacts are underway with starring Greek and overseas hoteliers, arsenic well arsenic with edifice absorption chains, aiming astatine an statement for the semipermanent lease of the buildings by OLP. This specific exemplary ensures the authorization stable gross streams, without taking connected immoderate nonstop superior risk, the sources report.

The contractors will undertake their extremist renovation and conversion into modern hotels. One is planned arsenic a four-star unit and the 2nd whitethorn run arsenic a five-star hotel, depending connected the result of the discussions underway. Port sources estimation that the last concession agreements will beryllium done by the extremity of the year.

OLP’s concern program successful tourism besides includes, successful a 2nd phase, the utilization of the historical Pagoda successful Piraeus gathering arsenic a hotel. By 2029, some the improvement and renovation of the buildings into hotels, arsenic well arsenic the caller cruise terminal and port, are expected to beryllium completed.