Ikos Resorts enters the Spanish luxury hospitality market
Ikos Resorts, an innovative and fast-growing collection of luxury all-inclusive resorts, is pleased to announce the acquisition of the hotel Costa Del Sol Princess, in Estepona on Spain’s Costa Del Sol. Having completed its first acquisition in the Iberian Peninsula, Ikos Resorts is delighted to introduce to Spain the award-winning Ikos Infinite Lifestyle experience; recently rated by Trip Advisor as the world’s no 1 in the all-inclusive category.
Following a total investment of €150 million, Ikos Andalusia is scheduled to open in May 2020 and aims to become Spain’s leading luxury all-inclusive resort. Set on a unique beachfront site in Estepona, close to Marbella and less than a 60-minute drive from Malaga Airport, Ikos Andalusia will provide more than 400 luxury rooms and suites amidst 70,000 m2 of beautifully landscaped gardens and leisure facilities. The hotel will also lie alongside 14,000m2 of white sandy beach.
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, together with all the other unique features of the successful Ikos Resorts offering.
“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,” commented Mr Antonis Avdelas, Chief Sales & Marketing Officer of Ikos Resorts.
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.