The Greek chain Domes Resorts enters the field of international hotel management. This is a move that was partly announced in the context of Domes Resorts’ partnership with Hotel Investment Partners (HIP), the largest owner of seasonal hotel units in Southern Europe, owned by Blackstone Investment Funds. The Greek chain will take over the management of the emblematic The Lake Spa Resort in Portugal. The five-star 192-room hotel, which enjoys a privileged location with direct access to the beach on Vilamoura Bay, is set to be completely converted into a Domes Resort, bearing the internationally recognized brand.
The opening of the new hotel unit The Lake Spa in the Algarve, will take place in early 2022. An amount of 7 million euros will be earmarked for the upgrade of the hotel with the aim of converting and repositioning the hotel in the market through complete renovation of all rooms and of common areas as well as rebranding of all restaurants and bars. At the same time, a new swimming pool for adults-only will be built, which will also have a new pool bar. Finally, a complete renewal of the gastronomic landscape and hotel options is planned with the signing of the Domes dining concept. The Lake Spa Resort has been awarded as the top Luxury Lifestyle Resort in Europe in 2021 at the World Travel Awards.
It is recalled that Domes Resorts consists of the exclusive Domes of Elounda, Autograph Collection, the adults-only Domes Noruz Chania, Autograph Collection, Domes Miramare, a Luxury Collection Resort, Corfu and the bohemian luxury Domes Zeen, a Luxury Collection Resort, Chania. Also in the summer of 2021 the Domes of Corfu, Autograph Collection, started. Hotel Investment Partners (HIP) was founded in 2015 by Alejandro Hernandez-Puértolas and Banco Sabadell and in 2017, it was acquired by Blackstone investment funds active in the real estate market. Continuous acquisition moves have led to the expansion of HIP’s portfolio to 65 hotels with a total of 19,345 rooms and a presence in Spain, Greece and Portugal.
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