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An impression of the Sentido Unique Blue Resort Greece’s field of luxury hotels will see a number of new entries following transactions and developments that took place in the fourth quarter of 2020, according to the latest report released by GBR Consulting. CIG: Sentido Unique Blue Resort As noted in the consulting company’s quarterly report for 2020 Q4, in November 2020 it was announced that Cretan Investments Group (CIG) Hellas acquired its first hotel, the 119-room Iti AKS Minoa Palace. Located in Heraklion on Crete, the hotel will be renovated in two phases (during the winter of 2020 / 2021 and 2021 / 2022) and is planned to re-open in April 2021 as the Sentido Unique Blue Resort. ....
New luxury hotels coming to Greece’s hospitality market Add Greece’s field of luxury hotels will see several new openings following transactions and developments that took place in 2020. Cretan Investments Group (CIG) Hellas obtained its first hotel, Iti AKS Minoa Palace. Located in Heraklion on Crete, the hotel will be renovated in two phases and is planned to re-open in April 2021 as the Sentido Unique Blue Resort. Also, in November 2020, Lamda Development and TEMES S.A. announced a strategic agreement for the joint development of two state of the art, luxury hotels and residential complexes on the coastal front of Hellinikon during the first five-year phase of the investment project. This strategic agreement conceives the development of a 5-star hotel at the Agios Kosmas marina, as well as a second beachfront 5-star luxury hotel along the coastal front. Both hotels will be accompanied by branded residences. ....