Thanos Hotels and Resorts Acquires Aloe Hotel, Paphos Cyprus
THE NEW PROPERTY – THE FOURTH CYPRIOT HOTEL FOR THE GROUP - WILL BECOME A FULL PART OF THANOS HOTELS AND RESORTS IN SPRING 2019 FOLLOWING A MAJOR REFURBISHMENT IN WINTER 2018/19
June 5thCYPRUS
Thanos Hotels and Resorts, the leading European hospitality group comprising the iconic Anassa, the sleek Almyra and classic Annabelle hotels in Cyprus has acquired the Aloe Hotel in Paphos to add to its portfolio of owned and managed resorts.
The hotel has an excellent location close to the group’s much loved Almyra and Annabelle hotels which are walking distance away. The hotel is located on Poseidonos Avenue, in the heart of Paphos and comprises 272 rooms, 3 restaurants, 3 pools (one indoor) and 200 meters from the nearest beach. The new hotel will mean that Thanos Hotels and Resorts will now operate 840 rooms across its four hotels in Cyprus.
Thanos Hotels and Resorts is Cyprus’ leading luxury hotel group. The company is still family owned and family run. Founded 40 years ago by the late Alecos Michaelides, his son Thanos Michaelides is now at the helm as Managing Director. Thanos Hotels is proud of its outstanding heritage and is keen to build on its exceptional track record as one of the leading hotel groups in the Mediterranean.
Cyprus as a destination has been stable for decades and in recent years has shown significant growth that is forecast to continue for the next few years. 2016 was a record year for the island reaching 3.1 million arrivals representing 17% growth year on year. For 2017, flight capacity to Cyprus has increased by approximately 300,000 compared to 2016. Thanos Hotels and Resorts is expecting its own record year in 2017 with bookings already up by 20%.
The company’s vision is to rebrand and relaunch the hotel in the nearby future and offer another unique proposition in the Mediterranean diversifying its offerings to reach new markets. Until the relaunch the hotel will continue operations as it is.