Ikos Resorts is moving full speed ahead with the construction of Ikos Andalusia, having recently celebrated the cornerstone laying ceremony at the hotel.
Located in Estepona, the €150 million development will be the group’s fifth resort and its first outside of Greece.
Construction of Ikos Andalusia started in November with the placing of the first stone and will complete in March 2020.
Once the works are complete, the resort will initiate a pre-opening period during April and will start welcoming clients in May 2020.
The objective of the company is to position Ikos Andalusia as a benchmark for excellence in the luxury all-inclusive resorts sector in Spain.
Ikos Resorts announced the acquisition of the current Costa del Sol Princess hotel in Estepona in the first quarter of 2018.
Ikos Resorts estimates that Ikos Andalusia will generate 635 jobs in the region, 60 per cent of which will be local jobs once the hotel opens its doors.
José María Urbano, mayor of Estepona, thanked Ikos Resorts for investing in Estepona and expanding the city’s tourism offering.
“We are convinced that this new high-end resort will strengthen Estepona’s touristic brand in the international markets, while promoting employment and the revitalisation of the economic sectors linked to tourism”, stated Urbano.
Located on the shores of a 14,000 square meter beach, Ikos Andalusia will offer 411 rooms and suites.
In addition, the new resort will house seven restaurants, top-level sports facilities, a theatre, 3,100 square meters of heated and outdoor swimming pools, and a spa.
It will also offer Ikos Deluxe Collection, an exclusive service meticulously created for the most discerning guests, offering a wide range of privileges and services including the use of reserved pool and beach areas.
Andreas Andreadis, chief executive of Sani/Ikos Group explained: “We are excited to introduce our unique luxury all-inclusive experience and the multi awarded Infinite Lifestyle concept to Spain.
“We are also delighted to be transforming the existing property into a world-class premium resort, adding further to the proven success story of Ikos Resorts, while investing further in beautiful Estepona and this magnificent region.
“By offering premium holiday experiences to international luxury travellers we aim to contribute in Estepona’s development as a top luxury tourism destination worldwide.”