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

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.