19 November 2017
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Dolphin Capital inks €150M hotel deal in Kea

03 November 17 - RE+D Magazine
Dolphin Capital inks €150M hotel deal in Kea

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Antulio Richetta

Director IBI Group
Kerzner International Holdings Ltd and Dolphin Capital Group announced the signing of final agreements, worth 150 million euros, in an investment parnership to build "One & Only Kea Island" hotel complex in Greece.

 

The agreement was signed in November 1st at the presence of H.E. Mohammed Al Shaimbani, CEO in the Investment Corporation of Dubai -Dubai's state investment fund - and main shareholder in Kerzner. One&Only will take over the management of the hotel and resort villas, while Dolphin Capital Partners will keep the management of the project and sales.

The hotel will be built on a seaside region of 650 stremma (one stremma=1,000 sq.m.) in the west side of Kea island, currently belonging to a subsidiary of Dolphin Capital Investors, and will include 75 resort villas and a number of One&Only private homes available for sale.

One&Only Kea Island is the first One&Only hotel project in Greece and the European Union. "One&Only offer an experience of absolute luxury. Kea is a beautiful island and our partners in Dolphin Capital Partners are leasers in developing luxury resorts," Philippe Zuber, president and CEO in One&Only Resorts said.

"We are excited to cooperate with Kerzner to build the One&Only Kea Island, which is expected to set new standards in luxury hotels in the Cyclades and Greece in general," Miltos Kambouridis, founder and managing partner in Dolphin Capital Partners said.

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