Thanos Hotels & Resorts has acquired the Aloe Hotel in Paphos to add to its portfolio of owned and managed resorts.
The European hospitality group currently comprises the iconic Anassa, sleek Almyra and classic Annabelle hotels in Cyprus.
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, three restaurants, three pools (one indoor) and 200 meters from the nearest beach.
The new hotel will mean that Thanos Hotels & Resorts will now operate 840 rooms across its four hotels in Cyprus.
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.
Last year was a record year for the island reaching 3.1 million arrivals representing 17 per cent growth year on year.
The company’s vision is to rebrand and re-launch the hotel in the nearby future and offer another unique proposition in the Mediterranean diversifying its offerings to reach new markets.