JTA Investment International Holding, through its presence in Greece, and Happy Holidays S.A., a company owned by Mr. George Iosifidis, announce the signing of a Shareholders Agreement for the strategic investment and development of the flagship tourism project SARTIMARE Beach Resort & Spa in Sarti, Chalkidiki.
The agreement marks the beginning of a new era for high-end tourism in Northern Greece, with the aim of creating a comprehensive luxury tourism destination of international stature.
The project is being developed on a site of approximately 120,900 square meters and includes four distinct hotel units, luxury vacation residences, wellness and spa facilities, retail and dining spaces, as well as a marina for recreational boats.
The initial investment amounts to approximately €65 million, while upon full development and completion of all project phases, the total investment capital is estimated to exceed €100 million. Completion of the development is expected between 2026 and 2028.
The strategic partnership between the two parties combines:
• Happy Holidays S.A.’s many years of experience and expertise in the tourism and hospitality sector.
• JTA Investment International Holding’s international investment strength, extensive network of strategic partnerships, and financial expertise.
• The creation of a model destination that will attract high-income visitors from Europe, the Middle East, and other international markets.
SARTIMARE Beach Resort & Spa aspires to become a benchmark for Greek luxury tourism, substantially boosting the local economy, creating a significant number of new jobs and contributing to the further promotion of Halkidiki as a leading international tourist destination.
Statement by Mr. George Iosifidis, Founder & Owner, Happy Holidays S.A.: “Today’s agreement is a milestone for our company and for the vision we have been developing for years for Sarti. The partnership with JTA Investment International Holding gives the project an international dimension, a strong financial foundation, and new growth prospects, creating the conditions for a high-value-added destination for the region and Greek tourism.”
Statement by Dr. Amir Ali Salemi Zadeh, Founder & CEO, JTA Investment International Holding: “We are particularly proud of the completion of this strategic agreement. SARTIMARE is a project with exceptional characteristics, significant growth potential, and substantial added value for the Greek economy. JTA Holding remains committed to supporting investments that create long-term value and contribute to the country’s sustainable development.”