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.
With the acquisition of the Alfamar Beach Resort in the Algarve, the group will open another five-star luxury all-inclusive resort as Ikos Cortesia in 2024, following a complete redevelopment worth €140 million. The new property will include 448 rooms, suites, bungalows, and villas.
An investment plan is underway by Sani and Ikos in Greece, with the acquisition of new properties on the islands of Corfu and Crete.
At the former Club Med Resort in Corfu, the group has started the development of Ikos Odisia, a five-star luxury resort located on the same bay as sister property Ikos Dassia. Odisia will open in 2023 with 395 rooms, suites, and bungalows following an investment of €125 million.
Sani and Ikos has also acquired and consolidated more than 30 individual plots of land to create an area of more than 200,000m² with a 600m beachfront on the bay of Kissamos in Crete, where the group will develop its first Ikos resort on the island, scheduled to open in 2025, with an investment of €125 million.
The group also plans to expand its existing properties with the development of both Ikos Andalusia in Spain and Porto Sani in Greece.
Ikos Andalusia will add a new collection of 19 villas and suites plus new pools and restaurants by 2023 following a €17 million investment.
With an additional investment of €13 million, Porto Sani will include 50 new suites, two new restaurants, new outdoor pools, and a new kids and creche area, with work set to commence in May 2022.
The group reported that the new properties and the expansion of existing resorts are expected to create more than 2,600 new jobs.
