Greek Tourism Giants Sbokos-Vassilakis Join Forces

Photo source: Sbokos Hotels Group

Evergolf Tourist Investments, owned by the Vassilakis family, announced on Tuesday, that it has teamed up with Golf Residences, owned by the Sbokos family (Sbokos Hotel Group), following its acquisition of a majority stake in the latter.

Agapi and Kostantza Sbokou will remain shareholders in Golf Residences, operator of a number of hotels on Crete, and will retain full participation in and management of the hotel units.

“We welcome Evergolf and our partnership with the Vassilakis family, confident that our common values in the area of tourism services, as well as the important synergies that can be developed between us, will further enhance our company’s growth dynamic,” said Agapi Sbokou.

With a total capacity of 3,020 beds, Golf Residences operates through Sbokos Hotel Group the 4-star Agapi Beach in Heraklion, the 5-star Blue Palace, A Luxury Collection Resort and Spa in Elounda, the 5-star Cretan Malia Park, Koutouloufari Village Holiday Club, and Village Heights Golf Resort. Golf Residences also holds a 50 percent share in the Sheraton Rhodes Resort.

“We feel honored to be associated with a family active in business known for the quality it has offered in the field of tourism and at the same time the satisfaction that Evergolf’s involvement in the hotel industry comes through the collaboration with such a recognized and successful company,” said Eftychios Vassilakis.

Evergolf Tourist Investments has no shareholding connection with the two ASE listed and Vassilakis-interest companies: Autohellas and Aegean Airlines.