4 Nov 2021
New €520 million investment plan strengthens Group’s growth strategy
Acquisition and development of new landmark properties in Iberia and Greece and expansion of existing resorts in Greece and Spain
Sani/Ikos Group continues its growth plan with the acquisition of four new properties in Greece and Iberia and the expansion of two existing resorts.
In 2021, the Group reached an agreement with Roxa Group in Spain to acquire the former Blau Porto Petro hotel on the island of Mallorca and transform it into a five-star luxury resort under the Ikos Resorts brand. With an investment of €100 million, Sani/Ikos Group aims to offer the best luxury all-inclusive experience in Mallorca. Following the complete redevelopment of the existing facilities, the new Ikos Porto Petro will open in 2023, operating with 324 rooms, suites, and villas. It will the be the Group’s second resort in Spain.
With the acquisition of the Alfamar Beach Resort in Algavre, Portugal, the Sani/Ikos Group will open another exceptional five-star luxury all-inclusive resort as Ikos Cortesia in 2024, following a complete redevelopment with a total investment of €140 million. The new property will include 448 rooms, suites, bungalows, and villas.
In parallel, an investment plan is already underway by Sani/Ikos Group in Greece, with the acquisition of new properties on the islands of Corfu and Crete.
Sani/Ikos Group recently acquired the former Club Med in Corfu and has started the development of Ikos Odisia, a five-star luxury resort located on the same bay as sister property Ikos Dassia. Ikos Odisia will open in 2023 with 395 new rooms, suites, and bungalows following an investment of €125 million.
Sani/Ikos Group has also acquired and consolidated more than 30 individual plots of land to create an area of over 200,000m² with a 600m beachfront on the beautiful bay of Kissamos, west of Chania, Crete. Here the Group will develop its first Ikos resort on the island with an investment of €125 million. The new Ikos Kissamos will accommodate 400 new rooms, suites and bungalows and is scheduled to open in 2025.
Aside from new acquisitions, Sani/Ikos Group continues to focus on expanding its existing properties with the further development of both Ikos Andalusia in Spain and Porto Sani in Greece.
Ikos Andalusia, Marbella/Estepona, now entering its second year of operation, will add a new collection of 19 luxury villas and suites plus new pools and restaurants by 2023 following a €17 million investment. The new three and four-bedroom villas will be the largest across all Ikos properties and the development will also include new pools and restaurants.
Following the completion of the first phase of refurbishment in 2020, the second phase of Porto Sani’s development is scheduled for May 2022. With an additional investment of €13 million, Porto Sani will include 50 new luxuriously comfortable suites, two new restaurants, new outdoor pools, and a new kids and creche area.
With its ambitious investment plan, Sani/Ikos Group aims to contribute to strengthening local communities, combatting unemployment and enhancing the hospitality offering across the Mediterranean.
The group is widely considered a leader in sustainable hospitality in the Mediterranean and has been awarded for its flagship Sani Green and Ikos Green sustainability programmes. The company has set ambitious ESG targets, including achieving net-zero by 2030, as well as zero plastic and zero waste by 2024 for its properties.
All resorts source 100% renewable electricity with Guarantees of Origin, 100% of wastewater is recycled, and a network of more than 40 organisations is supported with the aim of biodiversity conservation on land and sea, as well as helping vulnerable children and families.
Together, the group’s new properties and the expansion of existing resorts are expected to create more than 2,600 new jobs.
The Sani/Ikos Group
Sani/Ikos Group is an innovative and fast-growing hospitality group. Through its commercial brands, Sani Resort & Ikos Resorts, the Group develops, owns and operates 10 unique and privately-owned resorts in Halkidiki, Corfu & Kos islands in Greece, and in Marbella and Estepona in the Iberian Peninsula, all ranked amongst the best luxury resorts in the world.
Sani/Ikos Group is managed by Stavros Andreadis, Andreas A. Andreadis and Mathieu Guillemin as co-managing partners, and is backed by leading financial investors alongside its management team.
Sani/Ikos Group aims to continue developing the Sani Resort and Ikos Resorts brands in new premier destinations both in Greece and abroad. Through the operation of its resorts, the group strives to actively support local communities, and to fulfil the sustainability promise of its properties through ongoing respect for the environment, use of local products and significant contribution of job opportunities while delivering best in class results.