Waldorf Astoria hotel coming to Crete in Greece

There are reports that a Waldorf Astoria hotel is set to be built in Crete, Greece's largest populated island. The hotel is being developed by Dolphin Capital Investors (DCI), reports Kathimerini, as the group looks to kick off a series of investments worth a total of more than 1 billion euros in five destinations across the country between 2014 and 2016.

Sources told Kathimerini that DCI has reached an agreement for the construction at Sitia, eastern Crete, of a Waldorf Astoria hotel. DCI will undertake the hotel’s operation of the hotel, while construction is expected to begin next year.

DCI is also close to sealing another deal in the coming months by acquiring a stake in Amanresorts.

In the summer, DCI will also start operating the first Nikki Beach hotel at Porto Heli, near Kranidi, and plans opening a Chedi hotel in Kranidi and one more unit in Viotia, central Greece, in association with Indian group Oberoi Hotels and Resorts.