Ora Hospitality, the hospitality arm of Ora Developers, announced a new ultra-luxury hotel and lifestyle brand on 6 October 2026, and gave it no name. The brand’s first house will open in May 2027, above Kalo Livadi Bay, southeast Mykonos, on an elevated hillside over a stretch of coast that has stayed almost empty. Rockwell Group drew it, and the investment is €100 million.
The key count is 93: 60 rooms, 28 suites, 5 villas. They will sit in low clusters rather than one block, each one turned to the water and given outdoor ground of its own. Reservations will open in January 2027, four months before the first guests arrive.
The ground above the bay
The site runs to 42,000 sq m, and the number of keys on it was held down deliberately. The five villas will stand on their own, and the grounds will be gated.
Four restaurants and bars, event space for 200 guests and a 900 sq m wellness centre go on the same ground, the wellness centre given over to skincare, recovery, movement and wellbeing. Ora has promised partnerships with leading global names in wellness, food and lifestyle, and has named none of them.
Rockwell Group has worked on Mykonos before, on the renovation and expansion of the Belvedere. On Kalo Livadi the studio is running indoor and outdoor rooms into one another, and the Aegean is in view across the site.
A brand with no name
Naguib Sawiris founded Ora Developers in 2017, after building his fortune in telecoms through Orascom Telecom Holding, which was later folded into VEON. He is guiding the design and the concept of the Mykonos house himself, down to the playlists and to art that will come from artists living on the island. He could have taken an international flag over the door. “Rather than choosing an international brand, I brought my own vision of hospitality to life,” he said. “I wanted to create a brand that makes people feel true happiness.”
Asked what sets the project apart, he said no single feature does. “It is not one thing. It is the way everything comes together: the space, the views, the architecture, the art, the food and drinks, the service and the Mediterranean way of life.” Ora says the brand will carry art, architecture, music, wellness and local gastronomy through every house it opens, and that it will stay selective about where it builds.
“We never wanted to maximize the number of rooms,” Sawiris said. “We wanted to give people space, privacy, exceptional views of the island and a truly personal experience.” He has been coming to Mykonos for decades, and he wants the house to show the island’s quieter side: the nature, the weather, the sea and the light.
The resort was first meant to open in 2026 and did not. Construction on an island, the permitting process and Greek bureaucracy all took longer than Ora expected, and the €100 million already absorbs what the delay cost. Ora puts the finished resort’s employment at about 250 direct jobs and around 1,000 indirect ones.
Sawiris thinks the island has little room left for the kind of hotel it already has. “I think Mykonos may have reached its limits when it comes to traditional hospitality projects,” he said, and he argues that a different kind of luxury still has room on it. Mykonos is Ora Hospitality’s only Greek property. The rest of what it operates is in Grenada: Silversands Grand Anse, Silversands Beach House and Merveilles. Sawiris has said he is looking at opportunities around Athens, and that he would not think twice about the right site.
Who is this for
Families and several generations travelling together, and travellers who want the island’s energy within reach and a quieter base to come back to. The rooms will read as a modern house built on Cycladic lines, and a floating rock bar will sit down at the water. Ora’s intention is a place where people slow down and spend unhurried time together. Sawiris describes luxury as space, art, the natural environment, food and service, and above all a way of life, which is the register the house is pitched in.
