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12° Nicosia,
18 July, 2024
 
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Turkish Cypriot buyer sets sights on Varosha's transformation

A mystery entrepreneur's bold plan to revive Varosha's hotels raises eyebrows and questions

Newsroom

The Turkish Cypriot (T/C) buyer of hotels in the fenced area of Famagusta is set to accept renovation offers for the properties within the next six weeks, as reported by the T/C newspaper Yeni Bakis. The newspaper's headline, "Offers will be made for the hotels in Varosha," brings attention to this development.

Although the identity of the buyer of the Greek Cypriot (E/C) properties in Varosha remains undisclosed, the businessman is determined to restore the buildings to their 1974 appearance, according to the front-page story. He claims to have already received thousands of bookings for the hotels he acquired from Greek Cypriot owners and is actively acquiring more Greek Cypriot properties within the fenced area. He plans to announce these additional purchases in due course but emphasizes that the hotels he purchased must commence operations first.

Regarding the initiation of construction work, the businessman revealed that he had sent a letter to the 'interior ministry' on the matter some time ago, but has yet to receive a response. He envisions Varosha as an international center, open to tourists from around the world, and aims to revitalize its tourism potential.

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Cyprus  |  Varosha

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