Mitsis Hotels Expands Further to 6,500 Keys in Greece
Main Photo: The 500 room Blue Domes Resort, Kos with 10 pools, 11 restaurants and 6 bars!
Date: December 2021
Name: The Mitsis Group
Location: A new five-star on Mykonos and plans for three hotels in Rhodes, Greece
Number of Keys: 225 in Mykonos
Seller: TBA
Buyer: The Mitsis Group, with help from Enterprise Greece
The Mitsis group has set in motion an investment plan for increasing the number of its hotel capacity from 5,500 to 6,500 rooms, which would render it the biggest hotel entity in Greece in terms of both rooms and beds.
The group has applied to Enterprise Greece to have the development of three units on Mykonos fast-tracked as a strategic investment. This is a project for new five-star hotels with a total capacity of 225 rooms and 450 beds on the Cyclades island.
It is also in advanced talks with M.A. Angeliades Inc, which is about to complete the acquisition of a 1.4-square kilometer plot at Afantou on Rhodes from the state privatization fund (TAIPED). The deal with Angeliades, expected to be sealed in the next few weeks, provides for the development of another three hotels there.
The Mitsis group currently has 17 hotels in Greece, located in Athens, Crete, Kos, Rhodes and Kamena Vourla. Five of them are on Kos and another five on Rhodes, which will soon rise to eight.
However, Ekathimerini understands that the Mitsis plans are not restricted to those six new units, but also provide for the acquisition or development of more hotels, some of which might be abroad.
Mitsis Hotels Group was founded in 1976 in Greece by entrepreneur Konstantinos Mitsis, who envisioned to revolutionize the tourism industry with the all-inclusive concept. The idea was to develop top-of-the-range hospitality accommodation and a rich F&B programme, all on the basis of high quality and premium service.
The first ventures came on Kos island with Ramira and Norida and soon expanded in some of the most beautiful destinations of the country, under the sunlight of the Greek islands or amid the history and culture of mythical cities – in Athens, Crete, Kamena Vourla, Kos and Rhodes.
Price: Undisclosed
THPT Comment: Mitsis Group is not a name we know from old, but clearly one we shall be hearing more of…this marks their entry onto Mykonos, with not one but three hotels. We do of course know them from the Sofitel at Athens airport and the Blue Domes in Kos.
First Seen: Ekathimerini
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