Ikos Resorts investment fund have expanded their partnership with the Chandris Group in the field of luxury tourism after buying out two Chandris accommodation units in Kerkyra aiming to create a unified tourist unit of 410 rooms.
The deal was made possible with the participation of capital from Oaktree Capital Management, Goldman Sachs Asset Management, Hermes GPE etc and businessmen S. and A Adreadis and is calculated to cost a total of 110 million euros.
The two Chandris hotels are Corfu Chandris Hotel & Villas and the Dassia Chandris Hotel & Spa, located in the area of Dasia outside the city of Kerkyra (Corfu) and only 11km from the international airport.
Ikos Resorts also bought Club Med Kefalos hotel which has been closed for years on the island of Kos. Ikos plans to fully renovate and expand it as Ikos Kefalos ***** with 410 rooms, suites and bungalows, in the spring of 2019. The total investment will amount to 90 million euros and will lead to the reintegration of this exceptionally beautiful, seaside location in the country, strengthening its leading position in Kos global tourist map.
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