O signs MOU with Aktor Concessions & REDS to jointly develop Alimos Marina as one of Athens’ most prestigious mixed use projects.

O Lifestyle International SARL (Luxembourg) and affiliate Orama Ventures LLC (USA) have signed a preliminary Memorandum to jointly develop one of the Mediterranean's largest marina complexes as a unique mixed use project to break ground in early 2023.

Aktor Concessions and REDS (both www.ellaktor.com companies) acquired 50 year usage rights to develop the Alimos Marina from the Greek state and have now fully permitted the project to create a luxurious complex of diversified amenities and facilities transforming Alimos Marina into a world class yachting destination.

Under the terms of their preliminary agreement O Lifestyle International SARL and Orama Ventures LLC will develop two sections of the marina which will include an ultra luxurious five star hotel complex, eight food and beverage outlets and a world class health and fitness centre, all of which will cater to local residents as much ad foreign visitors.

While Aktor and REDS will develop the other areas of the marina, O Lifestyle and Orama Ventures will develop the hotel and hospitality facilities under the innovative “O” brand and will create the Mediterranean's first luxury city resort which will be linked with O’s beach resort on the island of Aegina twenty five miles offshore by constant water shuttle and fast sea limousine.

While Alimos’ advantageous location will create the only five star waterfront hotel with access to the Athens city centre in under ten minutes, its linkage to the luxurious O Club Resort will also allow access to an idyllic island resort in less than 40 minutes and expand Alimos’ already expansive facilities.

The project will break ground in early 2023 with first phases completed in 2024.