Alpha News

Wave of Tourism Investments Across Cyprus, New Hotels on the Horizon

Published January 10, 2026, 13:14

The hotel market in Cyprus is undergoing a period of intense development and restructuring, with investments being planned in all provinces. 2026 is expected to be a significant year for new openings and upgrades. In Nicosia, The Landmark Nicosia is being converted into a Marriott hotel, while new boutique hotels are opening from the Fattal and Leonardo groups. In Larnaca, the revival of the Palm Beach Resort is being promoted at a cost of €100 million. Investments are focused on quality, boutique concepts, and luxury resorts.