in-cyprus21 Jul 2026

Courts to decide on Pernera hotel takeover after former owner’s legal challenge

Developments have emerged over the takeover of a hotel complex in the Pernera area of Protaras, which reportedly passed into the hands of the Cyprus Bank Employees’ Welfare Fund (TETYK).

According to newer information obtained by philenews, the former owner of the Pola Costa Beach Hotel Apts has gone to court seeking to annul the auction process through which the sale took place....

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