![Sani / Ikos – Lands on Crete with an investment of 125 million euros [photos]](https://www.ot.gr/wp-content/uploads/2021/11/Ikos-Resorts-scaled.jpg)
The Sani / Ikos group, having Crete for years in its development plans, announced the acquisition of a total area of over 200 thousand sq.m. in the bay of Kissamos, Chania, with the aim of creating the first hotel complex under the brand of Ikos Resorts on the island.
“The development of the luxurious five-star resort, Ikos Kissamos, will give a significant boost to the quality tourism of the region of Chania and Western Crete, a rapidly growing destination, with significant benefits for the local community, employment and economy. At the same time, it will strengthen the image not only of the region but also of Crete as a whole, as a flagship of Greek tourism,” the hotel group stated in an announcement.
Investment of 125 million euros
The new Ikos Kissamos will have a total of 400 rooms, bungalows and villas spanning a 600-meter-long seafront. Its construction will begin in 2023 and its operation is expected in May 2025. For the creation of the single area of 200 thousand sq.m., the group acquired and consolidated more than 30 individual plots. The total investment of the Sani / Ikos group in Crete will exceed 125 million euros while more than 750 new jobs will be created.
Properties in Greece and Iberia
The Sani / Ikos group continues to implement its investment plans, with the acquisition of new properties in excellent locations in Greece and the Iberian Peninsula, as well as the expansion of its existing hotel units. In August 2021, it reached an agreement with the Spanish group Roxa for the acquisition of Blau Porto Petro in Mallorca, with the aim of upgrading it to a luxury five-star resort, which will operate in May 2023 under the name Ikos Porto Petro, while acquiring of Alfamar Beach Resort in the Algarve, Portugal, the group will operate the new Ikos Cortesia in May 2024, after complete reconstruction and expansion.
At the same time in Corfu, the construction of the new Ikos Odisia has already started after the acquisition of the former Club Med in order to operate with the beginning of the tourist season of 2023. In addition, the Sani / Ikos group is proceeding with the development of its existing hotels, with the further expansion of both Ikos Andalusia in Marbella and Porto Sani at Sani Resort in Halkidiki.
2,600 jobs
Through its investment plan, the Sani / Ikos group contributes to the strengthening of local communities, the creation of new jobs, but also the promotion of quality tourism throughout the Mediterranean. From the above development moves of the group, it is expected that a total of more than 2,600 new jobs will be created in the next five years.
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
Eurostat: Women and Youth Most Underpaid in Greece
In the EU 18.2% of women are low-paid compared to men, against 23% in Greece. A staggering 43% of young Greeks are low-paid—the second-worst rate in Europe.
Public Services in Greece to Go Under Review with New Rating Tool
Public services will receive their evaluation scores and feedback directly, fostering a system of accountability and continuous improvement.
Istanbul Earthquake – Greek Prof. Concerned Major Quake Yet to Strike
Responding to concerns over whether a potential major quake in Istanbul could affect Greece, Papazachos was reassuring: “The fault extends as far as Lemnos and the Northern Sporades, but it doesn’t rupture all at once. An earthquake in Istanbul doesn’t have the capacity to directly affect Greek territory.”
Greece 4th Most Popular Summer Destination for Europeans
Southern Europe remains the top choice for Europeans at 41%, though down 8% from last year, likely due to rising temperatures and climate concerns.
Easter Sales Performance and the Source of €4–5 Million in Losses
Easter retail sales were relatively weak this year, with the only "real winners" being the livestock farmers who had lambs to sell.
Hotel Foreclosures Continue to Plague Greece’s Islands
A surge in hotel foreclosures across Greece’s islands threatens small tourism businesses, despite booming visitor numbers and record-breaking travel in 2024.
Athens Launches Task Force to Safeguard Historic City Center
The new municipal unit will ensure compliance to zoning laws, curb noise, and address tourist rental issues starting from the Plaka district.
WTTC: Travel & Tourism to Create 4.5M New Jobs in EU by 2035
This year, international visitor spending is set to reach 573 billion euros, up by more than 11% year-on-year
IMF: US Tariffs Shake Global Economy, Outlook Downbeat
IMF slashes global growth forecast to 2.8% as U.S. tariffs create uncertainty and ‘negative supply shock
First Step Towards New Audiovisual Industry Hub in Drama
The project is set to contribute to the further development of Greece’s film industry and establish Drama as an audiovisual hub in the region
![Accor: Η βιωσιμότητα «κλειδί» για την ανάπτυξη και ανθεκτικότητα του ελληνικού τουρισμού [έρευνα]](https://www.ot.gr/wp-content/uploads/2025/04/thumbnail-90x90.jpg)
![Οι αλλαγές που υπάρχουν στα φορολογικά έντυπα για τα εισοδήματα του φορολογικού έτους 2024 από ακίνητα [Γ’ Μέρος]](https://www.ot.gr/wp-content/uploads/2025/03/akinita-600x400.jpeg)
