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Sani and Ikos Resorts Group invest €520m in new properties and renovations

Luxury
Will Payne
4 November 2021

Sani and Ikos Resorts Group has acquired four new properties in Greece and Iberia and plans to renovate two existing resorts with a €540m investment.

An investment plan is underway by the group in Greece with the acquisition of new properties in Corfu and Crete

In 2021, the group reached an agreement with Roxa Group in Spain to acquire the former Blau Porto Petro hotel on the island of Mallorca and transform it into a five-star all-inclusive resort under the Ikos Resorts brand.

With an investment of €100 million, Sani and Ikos aims to offer the "best luxury experience in Mallorca".

Following the redevelopment of the existing facilities, the new Ikos Porto Petro will open in 2023 with 324 rooms, suites, and villas.