A deal has been signed to redevelop the historic Prinkipo Greek Orphanage on Buyukada, Turkey, into a luxury hotel. The agreement, finalized on June 15th, involves the Ecumenical Patriarchate and investment firms from both Turkey and Greece. The landmark building, long a symbol of the Greek Orthodox community, will undergo restoration as part of the project. The Ecumenical Patriarch Bartholomew signed the agreement, signaling approval for the conversion. Details regarding the financial terms and specific hotel branding have not yet been disclosed. The move aims to revitalize the historic structure while generating revenue, though it has sparked debate within the Greek community regarding preservation of cultural heritage. The orphanage, once the largest wooden building in Europe, has been derelict for decades.