New landmark development in Limassol will include a Grand Hyatt hotel

Business, News


Allea Group announced the issuance of the Planning Permit for its highly-anticipated upcoming development in Cyprus’ most cosmopolitan seaside city, to feature the first Hyatt hotel in Cyprus - Grand Hyatt Limassol.

The 10-hectare family-oriented residential resort, situated on a scenic Blue Flag beach in a prime central location, will comprise high-end residential apartments and bespoke villas within a gated community. The residents will additionally benefit from the wide range of luxury amenities focusing on wellness and leisure, part of Grand Hyatt Limassol, located within walking distance.

Last year Allea Group announced that it secured an agreement with Hyatt, to bring Grand Hyatt Limassol as a key feature of this upcoming project. It will stand as one of the first hotels in the city to be managed by an international hotel operator. A destination within a destination, Grand Hyatt Limassol will offer 300 superb rooms and extensive wellness facilities for hotel guests, as well as an array of premium F&B venues.

Construction is expected to begin in 2022 with the building that will host both, the residential apartments of the resort and the luxury hotel. Rising up from the East wing of the building, the exclusive residential apartments located on the highest floors, from the 8th to the 24th floor, will offer 360-degree views of the endless glistening Mediterranean Sea and the surrounding mountains. The second phase of construction will follow to include a private gated community of tailored villas located on the north side of the development, in a completely secure and controlled environment that will offer its residents the ultimate idyllic lifestyle.

With a focus on sustainability and contemporary design, an international team of experts has been carefully selected for this resort. The renown SB Architects (USA) and iconic interior designers Rockwell Group (USA) came together to create a one-of-a-kind development that will become the new luxury hotspot in Cyprus.

Sergey Korol, owner of Allea Group stated, “We are thrilled and proud to announce that the Planning Permit has been issued and we are set to commence construction soon. As a professional international investor, we see huge potential in Cyprus being a unique combination of a global innovative business hub and an up-and-coming luxury destination. We are also delighted and honoured to be part of Hyatt’s expansion. Our aim is to develop a holistic environment for those who seek a healthy and active lifestyle in a luxurious setting, incorporating sustainable design perfectly paired with premium 5* service.”

About Allea Group

Allea Group is an investment and real estate development holding company with a diversified portfolio of exclusive award-winning residential and commercial projects in Central and Southern Europe. The mission of Allea Group is to create timeless and sustainable projects by bringing together the knowledge of industry experts, the cutting-edge ideas of distinguished architects and innovative solutions of designers, all whilst incorporating the best practices of leading contractors. For more information, please visit

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