# Five regions approve grant payments for new hotel investments

> Five Greek regions approved subsidy payments for the founding, expansion and modernization of hotel units.

- **Section:** New hotels
- **Published:** 2026-11-06
- **Publisher:** Voyage (https://thevoyage.gr)
- **Type:** our own summary of someone else’s reporting
- **Source:** Tornos News — https://tornosnews.gr/featured/pliromes-epichorigiseon-gia-5-xenodocheiakes-ependyseis-se-rethymno-drama-kalama.html

Five Greek regional authorities approved partial grant payments for five hotel investments in Rethymno, Drama, Kalamata, Syvota and Corfu.

The Region of Crete approved a payment of €224,165.72 to the company Birlirakis for the modernization of a 3-star hotel in Rethymno, with total subsidy of €560,414.30 for an investment of €1,779,093.

The Region of Eastern Macedonia and Thrace approved €51,240.61 to the company Armen Gielena for founding a 3-star hotel in Drama, with total subsidy of €204,962.45.

The Region of Peloponnese approved €163,104.64 to DNCK AXETE for expanding a 5-star hotel in Kalamata, with total subsidy of €326,209.28.

The Region of Epirus approved €105,050 to the company Ntougias Paris and Co. for founding a 48-bed 3-star hotel in Syvota, with total subsidy of €469,700, while the Region of Ionian Islands approved €242,600.47 to KVB Lands for founding a 3-star hotel in Corfu, with total subsidy of €373,231.49.

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This summary was written by Voyage based on reporting by Tornos News. The full article is at https://tornosnews.gr/featured/pliromes-epichorigiseon-gia-5-xenodocheiakes-ependyseis-se-rethymno-drama-kalama.html. Canonical URL of this page: https://thevoyage.gr/en/a/five-regions-approve-grant-payments-for-new-hotel-investments