Grace Hotels on Friday announced an investment of 80 million euros for the construction of a new hotel in Kalamata, Greece. The hotel complex will be operational in 2017 and will include a new hotel unit ad well as holiday villas for sale. The Grace Kalamata hotel will be located in the outskirts of Kalamata and will have 125 luxury rooms and suites and 40 villas (three-, four- and five-bedroom). Grace Hotels is part of LibraGroup, an international business group owned by Logothetis family. The group opened its first hotel in Cyclades in 2007 and has expanded in North America, Asia, South America and Northern Africa ever since. (source: ana-mpa)
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