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One of Europe’s Largest, Sustainably Built Regeneration Projects Now Underway

by Ron Bernthal

Sep 6, 2023

© Lamda Development


Real estate developers in Greece announced the development of The Ellinikon, an urban revitalization project along the shoreline of Athens, just a 15-minute drive from city center. The project, expected for completion in summer 2027, will include a new Mandarin Oriental property.


© Lamda Development

This is one of the largest, sustainably built urban regeneration projects in Europe, and the new Mandarin Oriental, Athens will be at its center. The $8 billion dollar redevelopment will bring new life to this area of the city.

The hotel will comprise 123 rooms and suites, as well as 17 branded residences, including waterfront villas and apartments. A range of dining options will be offered in several food and beverage outlets, making it a destination for locals and visitors alike. Indoor and outdoor event space provides a chic backdrop for meetings and social gatherings, and a comprehensive Spa at Mandarin Oriental offers Mandarin Oriental Hotel Group’s signature wellness therapies and beauty treatments, all with a focus on locally inspired programs.

Athens airport

© Lamda Development

The hotel will feature fresh, high-end, contemporary design and unobstructed views of the Aegean Sea. This premium position at the heart of the Athenian riviera makes the new property a unique destination.

“We are delighted to be working with TEMES SA and Lamda Development SA on this project,” said James Riley, group chief executive, Mandarin Oriental Hotel Group. “I am confident, that with this location and our legendary service, Mandarin Oriental, Athens will be the leading luxury hospitality hub for both travelers and Athenian residents.”


© Lamda Development

Mandarin Oriental, Athens will be the second Mandarin Oriental property to launch in Greece, following a previous partnership with TEMES SA for the development of Mandarin Oriental, Costa Navarino, opened in summer 2023, reflecting the brand’s trust in Greece as a continuously growing, high-end destination.

LAMDA Development has undertaken the complete urban regeneration of Ellinikon-Aghios Kosmas Metropolitan Pole (including the area of the former “Ellinikon” airport and the coastal front), the largest private investment in Greece.


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