Hotel management company Aqua Vista Hotels on Monday announced that it has agreed to the five-year lease of the Dreams Luxury Suites property on Santorini, following the hotel’s acquisition by an overseas investor. The hotel changed hands in 2017.
Aqua Vista Hotels has been managing Dreams Luxury Suites for the past 10 years, transforming it into one of the best performing properties on Santorini, attracting multiple awards and distinctions, international press mentions and a loyal and ever-increasing global clientele.
According to an announcement, the property’s new owner was impressed by Aqua Vista Hotels’ success at Dreams Luxury Suites and initially planned to maintain its existing management framework with the company. However, Aqua Vista Hotels proposed instead to lease the property, resulting in a new collaboration for a period of five years, which is expected to boost the hotel’s performance even further.
Aqua Vista Hotels’ move into the leasing market follows its change of investment policy, which began in early 2018 with the lease of Asteras Villas in Fira, Santorini, following an existing long-term management collaboration. This strategic move towards leasing reflects the Group’s strong growth in recent years, with an increasing number of partnerships being added to its portfolio.
“We are very proud to have achieved a strong and bilaterally profitable lease contract for Dreams Luxury Suites with a prominent international investor,” Sofia Matzourani, Business Development Manager at Aqua Vista Hotels, said regarding the new collaboration.
“After a prosperous and rewarding decade managing the property, the Aqua Vista Hotels team is looking forward to taking the next step, with plans to strengthen and increase the hotel’s presence in the luxury market and uphold the top quality services and facilities we are known for around the world.”
The international investor that has acquired the Dreams Luxury Suites property has not been named.