Sitia Bay Resort, Sitia


Project date: 2007 - ongoing

Services: Project and Strategic Management

Project owner: Iktinos Technical and Tourism S.A

Location: Crete, Greece

Dolphin Capital Partners are developing a new leisure integrated resort to become a major south Mediterranean destination.  The project includes an 18 hole championship golf course, 1500 serviced exclusive villas & apartments, a 5* Hilton Hotel, a Marina and private beach facilities. The first phase of the development involved the design and permitting of the Hotel and Spa on a 12 hectares seaside land. Focal consolidated the Fund’s implementation strategy by providing: Budgets and cash flow projections, presentations to investors and hotel operators, technical feasibility studies including research of legal framework. Project management responsibilities included selection of specialty consultants through closed tenders and contracts management, design management and coordination for the issuing of Construction Permit of the Hotel, and pre-construction schedule monitoring. Focal also developed a detailed budget and application dossier for the project to receive state subsidies through the development law.