Crete investments HIP Acquires Elounda Blue Hotel on Crete’s Northern Shore 5 years ago Hotel Investment Partners (HIP) has acquired the Elounda Blu hotel in Greece from the hospitality group Ledra Hotels & Villas. Elounda Hills Project a Step Closer With Marina Approval 7 years ago The construction of the super-luxurious €600-million-euro Elounda Hills project in eastern Crete is now closer at hand.