End of an era for the famous Londa Hotel in Limassol which will not reopen its doors. It is recalled that recently there was a change in the ownership of the hotel, which passed from the Paraskevaidis family into the hands of the American investment fund York Capital Management. The consultant in this investment was Elements Capital Management.
The new owner of the building, according to information from InBusinessNews, has decided to turn it into a luxury housing project, creating a limited number of housing units. The conversion of the hotel into a residential project will be done through a complete renovation of the building, which will require a significant investment in capital.
The main advantage of the project is its location as it may be the only residential project located so close to the sea in the central area of Limassol.