GIC, a leading global investment firm in Singapore, has agreed to buy a majority stake in the Mediterranean luxury beach resort group, Sani/Ikos, in a transaction that values the company at 2.3 billion euros.
Sani/Ikos Group has announced plans to open its first hotel complex under the Ikos Resorts brand on the island of Crete at a cost of 125 million euros.
Ikos Resorts is moving full speed ahead with construction works on the Ikos Andalusia in Spain, its first resort outside Greece, which will open its doors in May 2020.
Τhe Sani/Ikos Group has announced the grand opening of a 110-million-euro investment on Corfu, set to treat its guests to its Infinite Lifestyle brand of holidays.
LA-based assets management firm Oaktree has joined Sani SA and Ikos SA, both running luxury hotel units in the Halkidiki peninsula, forming a new venture in tourism which aims to expand both brands individually and invest in related projects across Greece.
