The agreement signed with HIP, owner of a number of resort hotels in Southern Europe, foresees the renovation and repositioning of the Grand Hotel on Corfu and Zante Beach, on Zakynthos.
The two hotels are part of Blackstone’s recently acquired Greek portfolio and will be managed under the Domes brand.
“This agreement is decisive because it goes hand in hand with our strategic expansion plan for the Domes brand. This initiative was a year in the making as we have always believed that it is crucial to have entities of this magnitude investing in Greece,” said George Spanos, CEO of Domes Resorts.
Domes Resorts is one of the fastest growing luxury hotel companies in Greece. Owned by Ledra Hotels and Villas, the company has expanded rapidly since establishing its flagship resort, Domes of Elounda, adding three more internationally branded resorts in two new destinations over a period of three years.
Domes Resorts has also developed a strategic partnership with Marriott International since 2015.
HIP was founded in 2015 and through follow-on acquisitions, its portfolio has grown to 65 hotels comprising 19,019 keys with footprint in Spain, Greece and Portugal.
“This agreement [with Domes Resorts] confirms our commitment to actively reposition, invest and transform our Greek portfolio, supporting Greece to maintain its rightful place as a premier global tourist destination, create jobs and spur local economic growth,” HIP CEO and founding partner Alejandro Hernández-Puértolas said.
Photos: Domes Resorts