Opening follows acquisition of the Costa Del Sol Princess on Spain’s Costa Del Sol.
Ikos Resorts has acquired the hotel Costa Del Sol Princess, in Estepona on Spain’s Costa Del Sol – its first acquisition in the Iberian Peninsula.
Renamed Ikos Andalusia, the site is scheduled to open in May 2020 off that back of a €150 million investment, with the aim of becoming Spain’s ‘leading luxury all-inclusive resort’.
Set on a beachfront site in Estepona, close to Marbella and a 60-minute drive from Malaga Airport, Ikos Andalusia will provide more than 400 luxury rooms and suites on 70,000 m2 of landscaped gardens and leisure facilities alongside 14,000m2 of beach front.
In addition, the hotel will house eight restaurants, sports and theatre facilities, a spa, indoor and outdoor heated pools plus an Ikos Deluxe accommodation area.
This will be the fifth Ikos resort, following recent expansion including Ikos Dassia, opening in May 2018, on the island of Corfu and Ikos Aria, opening in 2019 on the island of Kos, in Greece.
Ikos Andalusia is owned and operated by Ikos International SCA, and managed by general partners, Andreas A. Andreadis and Mathieu Guillemin backed by leading international investors such as Goldman Sachs Asset Management, Oaktree Capital Management LP and Hermes GPE.
“Estepona has always been a landmark destination for travellers seeking an ideal balance of sun, sea, lifestyle and culture. We are therefore excited to introduce our unique all-inclusive experience and the amazing Infinite Lifestyle promise to Spain by transforming the existing property within the sustainable framework of Ikos Green,” said Antonis Avdelas, Chief Sales & Marketing Officer of Ikos Resorts.