“Villa Princess Theophano” is the new name for the recently refurbished five-star “Theophano Imperial Palace” in Halkidiki that opens its doors on June 15. “Villa Princess Theophano,” one of the five hotels in the of G-Hotels resort chain, is the outcome of a 10 million euro investment by the group.
Nikos Grigoriades, the group’s managing director, revealed the refurbished hotel has 106 deluxe rooms, 20 suites with private pools, 14 junior suites with two shared pools and a business center. “Villa Princess Theophano” is expected to operate on a trial basis as of next month and be fully operational in 2009. According to Mr. Grigoriades, the group expects an eight percent increase in revenue in 2008 compared with 2007, in continuum to last year’s increase of four percent compared with 2006.