Thanos Hotels and Resorts: The most dynamic entry into the Greek market was announced by the Cypriot hotel group

In 2023 the group from Cyprus chose Mykonos to present a new hotel concept, the Amyth Hotels. The first hotel has been open since April 2023 in Agios Stefanos, while in May 2024 it will open a new Amyth in the popular Super Paradise in a fully renovated complex consisting of 50 rooms, suites and villas. At the same time, the group will provide the Greek market with upgraded hotel management services through collaborations with acet owners and with existing hoteliers. The investment plan for ultra – luxury market As announced, the strategy for entering the Greek market is multi-level and is based on three central pillars. Extension of Amyth Hotels: The group’s plan aims to open 10 Amyth Hotels in Greece, following the first two operating in Mykonos (” Saint Stephen and Super Paradise). The administration is in intensive discussions with acet owners in order to widen the network of Amyth Hotels and other Greek locations, aiming to add a combination of well-known, upcoming and new destinations. Creation of Greek ‘Anassa’: A great wish of the Cypriot group is to bring to Greece its ” flagship”, Anassa, a move that will set new standards for the luxury hospitality industry in the Greek market. Hotel 5* plus stars Anassa operates in the city Chrysochous in Paphos since 1998 and has rightfully won the title of “Queen of Mediterranean hotels”, while to this day he continues to hold the position of top resort on the island. Prominent and unpretentious magnificent, he invites his visitors to enjoy Mediterranean hospitality and lifestyle, bringing them into direct contact with the land of the Mediterranean. B2B with Hotel Management and Consulting The group will bring to Greece another business unit, Thanos Hotel Management, aimed at both acet owners who wish to dispose of their property to be used as a hotel, as well as to professionals of hospitality who already own a hotel and wish to commission its management in order to modernise at all levels and improve its competitiveness. Capitalizing its great experience in this area, with the most recent work the iconic Berengaria Hotel in Cyprus, the group is already in a search process and discussions with owners of similar properties in Greece. Its aim is to strengthen the landscape of hospitality in Greece and in terms of management and development, by concluding mutually beneficial agreements Referring to the strategic investment plan for entering the Greek market, the CEO of the group, Thanos Michailidis commented: “After 50 years of active activity in the area of the luxury hospitality of Cyprus, we assessed the positive course of the investment climate in Greece and therefore our entry into the Greek market with Amyth of Mykonos in Agios Stefanos is a natural development of our business route. “After all, Greece has always been in our hearts.” By strengthening the dynamics of its entry into Greece and taking into account the rapidly growing international investment interest that our country attracts in the area of ultra-luxury hospitality, Thanos Hotels and Resorts Group examines, among others, the implementation of strategic partnerships so that in future it will give greater impetus to its investment plan. Moreover, the group already has in its business culture the acquisition of assets with co-investors and that is why it is strategically important that the decision to introduce Thanos Hotel Management into the Greek market and Thanos. Today, the group has a portfolio of 8 5*plus stars hotels: 6 in Cyprus (Anassa, Antasia, Annabelle, Almyra, Berengaria, Amyth of Nicosia), and 2 in Greece, Mykonos (Amyth of Mykonos Agios Stefanos and Super Paradise). The dynamics of Thanos Hotels and Resorts beds exceed 900 beds (including rooms, suites, villas and houses) in Cyprus and Greece. The Thanos Hotels and Resorts group is exclusively of Cypriot interest and is run by the second generation of the Mihailides family, which took over the reins in 2008 from its founder, Alekos Michailidis. Today, Thanos Michailidis is the CEO of the group, while he also holds the title of president of the Pankyprian Hotel Association (USA). S.A. O.K.) Source: RES-AE

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