Ikos Resorts begins construction on €150 million development project

Hamish Kilburn
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The resort will be the company’s fifth property in the Ikos Resort portfolio and first outside of Greece, slated to complete construction in 2020… 

Ikos Resorts has announced its move full speed ahead with the construction of Ikos Andalusia, having recently celebrated the cornerstone laying ceremony at the hotel. Located in Estepona, the €150 million development will be the group’s fifth resort and its first outside of Greece, opening its doors in May 2020.

Construction of Ikos Andalusia started on November 15 with the placing of the first stone and will complete in March 2020. Once the works are complete, the resort will initiate a pre-opening period during April and will start welcoming guests in May 2020.

The objective of the company is to position Ikos Andalusia as a benchmark for excellence in the luxury all-inclusive resorts sector in Spain, bringing its award-winning* Infinite Lifestyle experience to the Costa del Sol.

Ikos Resorts announced the acquisition of the current Costa del Sol Princess hotel in Estepona in the first quarter of 2018. The brand will invest a total of €150 million in the reconstruction of the current building and its adaptation to the product and service standards of Ikos Resorts.

“We are also delighted to be transforming the existing property into a world-class premium resort, adding further to the proven success story of Ikos Resorts, while investing further in beautiful Estepona and this magnificent region, said  Dr. Andreas Andreadis, CEO of Sani/Ikos Group. By offering premium holiday experiences to international luxury travelers we aim to contribute in Estepona’s development as a top luxury tourism destination worldwide”.

The ceremony of the first stone was attended by different representatives of the company at an international level – Andreas Andreadis, CEO of Sani/Ikos Group; Luis Herault, CEO of Ikos Iberia, as well as local and regional authorities, who wanted to support the presentation of a project that will constitute as a milestone in the tourism transformation process in the region.

“Located on the shores of a 14,000 square meter beach, Ikos Andalusia will offer 411 rooms and suites.”

José María Urbano, Mayor of Estepona, thanked Ikos Resorts for investing in Estepona and expanding the city’s tourism offering.  “We are convinced that this new high-end resort will strengthen Estepona’s touristic brand in the international markets, while promoting employment and the revitalization of the economic sectors linked to tourism”, he said.

On another note, Luis Herault, Chief Executive Officer of Ikos Iberia, commented: “With Ikos Andalusia, we will contribute to further develop Estepona as a high end destination by offering world class service excellence and individual unique Ikos touches such as the Dine-Out Service, which includes selected restaurants from the surrounding area in our offer to our guests, the Local Discovery complimentary drive around experience promoting interesting destination experiences, sourcing local produce, the Ikos Green initiatives and recruiting approx. 60% of the minimum of 635 jobs required, from the local community.”

Located on the shores of a 14,000 square meter beach, Ikos Andalusia will offer 411 rooms and suites. In addition, the new resort will house seven restaurants, top-level sports facilities, a theatre, 3,100 square meters of heated and outdoor swimming pools, and a spa. It will also offer Ikos Deluxe Collection, an exclusive service meticulously created for the most discerning guests, offering a wide range of privileges and services including the use of reserved pool and beach areas.

Hamish Kilburn / 03.12.2018

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