Paphos thrilled with foreign investment in hotels

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Paphos thrilled with foreign investment in hotels
 © CyprusMail 2017
THREE Paphos hotels have been bought by Israeli investors, a move which is being welcomed by the tourism sector.

The seafront hotels are the Cypria Maris, Cypria Bay, and Laura, and offer a full room-and-board basis holidays.

Head of the Paphos hoteliers Euripides Loizides told the Cyprus Mail: “There is a demand and so this is a positive move for the industry in Paphos. The Laura was sold to an investor from Hong Kong, it is in need of investment, but they ran out of money. The new investor is Israeli, he purchased it this year along with two other hotels. It is generally good for...


Paphos thrilled with foreign investment in hotels


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