# NOVA Constructions expands with three DoubleTree by Hilton hotels and Cyprus projects

> NOVA Constructions is developing three DoubleTree by Hilton hotels, new properties in Paros and Elounda, and expanding into Cyprus, backed by €89.3m in bond financing.

- **Section:** New hotels
- **Published:** 2026-11-04
- **Publisher:** Voyage (https://thevoyage.gr)
- **Type:** our own summary of someone else’s reporting
- **Source:** Tourism Today — https://www.tourismtoday.gr/nova-constructions-%ce%bd%ce%ad%ce%b5%cf%82-%ce%be%ce%b5%ce%bd%ce%bf%ce%b4%ce%bf%cf%87%ce%b5%ce%b9%ce%b1%ce%ba%ce%ad%cf%82-%ce%bc%ce%bf%ce%bd%ce%ac%ce%b4%ce%b5%cf%82-%ce%bc%ce%b5-%cf%84%ce%b7-hilton/

NOVA Constructions is expanding its presence in the hotel sector through new properties under international brands. According to its annual financial report, the parent company has issued bond loans totalling €89.3 million for four investment plans, with combined budgets of €95.4 million.

The largest plan involves three hotels under the DoubleTree by Hilton brand, budgeted at €66.4 million, with €61.6 million in bond financing. Two additional hotels are budgeted at €9 million and €13.6 million respectively, along with a new property in Paros budgeted at €6.4 million.

The partnership with Hilton is broadening: in 2025 franchise agreements were signed for Faliro and Paros, followed in 2026 by agreements for Elounda and Kallithea Attikis. The Elounda property will be a five-star unit, though its brand has not yet been specified. In Crete, affiliate company Green Properties Melakis S.A. began operating the Hilton Garden Inn Chania City in late 2025.

The group has also secured financing through the Recovery and Resilience Fund for projects in Elounda, Kolonos, Syngrou Avenue and Paros. In April 2026 it acquired Paros Epitomi Monoprosopi IKE for €850,000. Outside Greece, subsidiary G.P.D.L. Ltd acquired property in Nicosia to expand into the hotel sector in Cyprus, while the group is also converting an eight-storey e-EFKA building into a three-star hotel, with operation planned for the first quarter of 2028.

## Related from Voyage
- https://thevoyage.gr/en/a/minor-hotels-plans-entry-into-greek-market-with-new-properties

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This summary was written by Voyage based on reporting by Tourism Today. The full article is at https://www.tourismtoday.gr/nova-constructions-%ce%bd%ce%ad%ce%b5%cf%82-%ce%be%ce%b5%ce%bd%ce%bf%ce%b4%ce%bf%cf%87%ce%b5%ce%b9%ce%b1%ce%ba%ce%ad%cf%82-%ce%bc%ce%bf%ce%bd%ce%ac%ce%b4%ce%b5%cf%82-%ce%bc%ce%b5-%cf%84%ce%b7-hilton/. Canonical URL of this page: https://thevoyage.gr/en/a/nova-constructions-expands-with-three-doubletree-by-hilton-hotels-and-cyprus-pro