Sani/Ikos Group continues its development strategy with the acquisition of 4 new properties in Greece and Iberia and the growth of two existing resorts.Earlier this year
, the group reached a contract with Roxa Group in Spain to get the former Blau Porto Petro hotel on the island of Mallorca and change it into a five-star luxury complete resort under the Ikos Resorts brand. With a financial investment of EUR100 million, Sani/Ikos Group
intends to provide the best high-end all-encompassing experience in Mallorca -its 2nd resort in Spain. Following the complete redevelopment of the existing centers,
the brand-new Ikos Porto Petro will open in 2023, operating with 324 rooms, suites and villas. With the acquisition of the Alfamar Beach Resort in Algarve,
Portugal, the Sani/Ikos Group will open another first-class high-end extensive resort as Ikos Cortesia in 2024, following a total redevelopment worth EUR140 million. ADVERTISEMENT The brand-new residential or commercial property will consist of 448 spaces, suites, bungalows and villas.In parallel, a financial investment strategy is already in progress by Sani/Ikos Group in Greece, with the acquisition of brand-new residential or commercial properties on the islands of Corfu and Crete.At, just recently acquired, previous Club Medication Resort in Corfu, Sani/Ikos Group has actually begun the development of Ikos Odisia, a five-star luxury resort situated on the very same bay as sibling home Ikos Dassia.Ikos Odisia will open in 2023 with 395 new rooms, suites and cottages following an investment of EUR125 million.Sani/ Ikos Group has actually also acquired and consolidated more than 30 individual plots of land to create an area of over 200,000 m ² with a 600-metre beachfront on the gorgeous bay of Kissamos, west of Chania, Crete. Here the group will develop its first Ikos resort on the island with an investment of EUR125 million. The brand-new Ikos Kissamos will accommodate 400 brand-new spaces, suites and cottages and is
arranged to open in 2025. Aside from new acquisitions, Sani/Ikos Group continues to concentrate on expanding its existing
homes with the more development of both Ikos Andalusia in Spain and Porto Sani in Greece. Ikos Andalusia, Marbella/Estepona, now entering its 2nd year of operation, will include a new collection of 19 luxury villas and suites plus brand-new pools and dining establishments by 2023 following a EUR17 million investment. The brand-new three and four-bedroom vacation homes
will be the biggest across all Ikos homes and the advancement will likewise consist of new swimming pools and restaurants.Following the completion of the very first phase of refurbishment in 2020, the second phase of Porto Sani’s development is set up for
May. With an additional investment of EUR13 million, Porto Sani will include 50 brand-new luxuriously comfortable suites, 2 new restaurants,
new outside swimming pools, and a new kids and creche area.With its ambitious investment plan, Sani/Ikos Group intends to contribute to enhancing local communities
, fighting joblessness and boosting the hospitality offering across the Mediterranean. Source