Politis

Shareholders Give Green Light for Five-Star Hotel in Lower Paphos

Published January 18, 2026, 18:13
Shareholders Give Green Light for Five-Star Hotel in Lower Paphos

The shareholders of SODAP overwhelmingly approved the long-term lease of the coastal plot in Lower Paphos to the KANIKA company for the construction of a five-star hotel. The decision was made at a general meeting with intense debate, but the KANIKA proposal ultimately prevailed. The new director of SODAP, Yagos Tsivikos, presented the serious financial and administrative problems facing the organization, including uncollected debts and infrastructure deficiencies. He emphasized the priority of sanitizing and resolving chronic problems for the sustainable development of SODAP. The administration believes that the construction of the hotel is crucial for strengthening revenues and the tourist image of Lower Paphos.