Cyprus is preparing for a new chapter in tourism, with numerous hotel projects underway across the country. Construction is progressing rapidly in all districts, with Nicosia and Larnaca leading in activity. According to the Ministry of Tourism, around twenty new hotels are under development, expected to add approximately 5,000 new rooms by 2026, enhancing Cyprus’s hospitality landscape and attracting both domestic and international visitors.
Nicosia: A Hub for Luxury Accommodation
The capital is entering the luxury hotel market with The Landmark Nicosia, Autograph Collection by MHV Mediterranean Hospitality Venture, featuring 265 rooms, 18 suites, indoor and outdoor pools, spa, gym, and tennis/padel courts. The hotel is preparing to host guests during the Cypriot EU Council Presidency in early 2026.
Additionally, MHV is renovating the former Holiday Inn, scheduled for completion in 2026. Boutique hotels are also expanding with Leonardo Boutique Hotel Venetian Nicosia (2026) and NYX Hotel Nicosia (2027) by the Fattal Hotels Group.
Larnaca: Upgrading Tourism and New Resorts
Larnaca is set for a major transformation with the Palm Beach Resort, a €110 million project by Premium Access Cyprus and Thanos Hospitality Services, converting the historic resort into a luxury complex with wellness centers, luxury residences, high-end gastronomy, and beach activities.
Other projects include the St. Lazarus Hotel boutique development and the pending Parayialia Hotel, the first 4-star hotel in Dromolaxia-Meneou.
Paphos and Famagusta: Luxury Options for 2026
In Paphos, the Nalu Latchi Leonardo Limited Edition will open in summer 2026 as a luxury hotel. In Famagusta, two five-star hotels, The Nines in Ayia Napa and Sunrise Emerald in Protaras, are planned to operate the same year.
Limassol: Renovations and Upgrades
Limassol focuses on upgrading existing hotels such as Amathus Beach Hotel, St Raphael Resort, and Columbia Beach Resort in Pissouri, enhancing luxury accommodation quality.
Mountain Tourism: Winter and Alternative Experiences
Mountain resorts are also being revitalized with projects like Tree Hotel in Platres (134 rooms) and the historic Verengaria Hotel in Prodromos, undergoing structural and seismic upgrades to offer quality alternative tourism options.
Licensing Challenges
Only 19% of hotels currently have operational licenses, causing delays in project completion.
Despite these challenges, Cyprus is positioning itself to enhance its tourism map with new hotels and renovations, creating a more competitive and high-quality visitor experience.
