Hotel Investment Partners (HIP) has signed an agreement with Marriott International to add Domes of Corfu, the former Grand Hotel on Corfu, to Autograph Collection Hotels’ diverse portfolio of independent hotels around the world. HIP is the owner of resort hotels in Southern Europe, owned by Blackstone real estate funds.
According to an announcement, Blackstone and HIP are investing close to 14 million euros to upgrade and transform the property, which will operate under the Greek luxury brand Domes Resorts, owned by Greek hospitality group Ledra Hotels & Villas.
“This agreement further 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,” said Alejandro Hernández-Puértolas, CEO and founding partner of HIP.
The renovation plans of the Domes of Corfu resort include the refurbishing of all public areas and guestrooms with distinctive aesthetics that blend with the unique environment of Corfu and create a fresh, innovative and bespoke experience for guests.
The renovated, brand-new family friendly resort situated on Glyfada beach will offer 218 rooms and start operating in the summer of 2021.
“The addition of Domes of Corfu to Autograph Collection, is the best possible beginning for our strategic cooperation with HIP. Domes of Corfu is the 5th beach property of Domes Resorts operated under Marriott brands, which confirms our dynamic collaboration with Marriott International,” said Domes Resorts CEO Dr. George Spanos.
On his part, Satya Anand, Marriott International’s President for Europe, Middle East & Africa, said he is confident that the combination of Corfu’s natural beauty with Autograph Collection’s boutique design, will make Domes Corfu one of the country’s leading leisure resorts.
“As we plan for the return of leisure travel to sought-after destinations such as Greece, we are thrilled to have signed this agreement with Hotel Investment Partners to add the new Domes Corfu to our portfolio of world-class resorts,” he said.