The Cypriot group Thanos Hotels and Resorts is expanding into Greece
The Cypriot group Thanos Hotels and Resorts is expanding into Greece
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The Cypriot group Thanos Hotels and Resorts is expanding into Greece

The Cypriot group presented an investment plan with a three-year horizon.
RE+D magazine
04.04.2024

Leading Cyprus group Thanos Hotels and Resorts announced on Wednesday it is entering the Greek luxury hospitality market with a three-year investment plan aimed at opening 10 new hotels.

In 2023 the group introduced a new hotel concept, the Amyth Hotels, on Mykonos island. The first hotel began operation in April 2023 in Agios Stefanos, while a new Amyth Hotel will open in the popular Super Paradise area in May 2024, at  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 partnerships with asset owners as well as with existing hotel owners.Το 2023 ο όμιλος επέλεξε τη Μύκονο για να παρουσιάσει ένα νέο ξενοδοχειακό concept, τα Amyth Hotels. 

The first hotel has been operating since April 2023 in Agios Stefanos, while in May 2024 a new Amyth will open 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 partnerships with asset owners and existing hoteliers.

The investment plan for the ultra-luxury market

According to the announcemt, the strategy to enter the Greek market is multi-layered and is based on three central pillars. Expansion of Amyth Hotels: The group's plan aims to open 10 Amyth Hotels in Greece, following the first two operating in Mykonos (Agios Stefanos and Super Paradise). The management is in intensive discussions with asset owners in order to expand the Amyth Hotels network to other Greek locations, aiming to add a mix of well-known, up-and-coming and new destinations.

Development of a Greek "Anassa": The Cypriot group's great desire is to bring its "flagship", Anassa, to Greece, a move that will set new standards for the luxury hospitality industry in the Greek market. The 5* plus star hotel Anassa has been operating in the town of Chrysochous in Paphos since 1998 and has rightfully earned the title of "Queen of Mediterranean hotels", while to this day it continues to hold the position of the top resort on the island.