Shaner Italia S.R.L. Forms Joint Venture With Athens, Greece-Based CS Hospitality
Officials of Shaner Italia, S.R.L, a division of The Shaner Hotel
Group focused on owning and operating hotels in Europe, has announced
the formation of a joint venture with Athens, Greece-based CS
Hospitality to expand their hotel operations in Greece and Cyprus. By
combining both operators' expertise and sophisticated operational
procedures, the partnership will offer global and professional operating
support to high-end hotels and resorts in the region.
Andreas Contos, CEO of CS Hospitality, and Stella Sarantidou, COO
heading operations, bring with them over 30 years of international
experience with Hilton, Hyatt and Marriott hotels to a fast-growing
Greek tourism market.
“Focusing on a much-needed, high-end global hospitality experience is
very timely. Greece is expecting over 30 million visitors this year,”
Contos said.
The joint venture with CS Hospitality allows Shaner Italia to expand
its footprint in the Mediterranean region, following its landmark
transformation of the Renaissance Tuscany Il Ciocco Hotel. Shaner
Italia has since stabilized the hotel among the top ten resorts in
Europe. The company also recently announced the acquisition of the
Grand Universe, in the center of Lucca, which will open in 2019 under
the Marriott brand, Autograph.
“Greece and Cyprus are a natural expansion of our global efforts, following our footprints in Italy since 2011. Tourism as an industry is expanding, and hospitality will be the major economic force in Southern Europe” said Lance Shaner, chief executive officer, The Shaner Hotel Group.
“Shaner's reputation, infrastructure and more than 35 years' of experience will bring a much-needed level of operating excellence to the marketplace,” said Plato Ghinos, Shaner president. “This new joint venture is currently finalizing several agreements, and we are working close with some global investment funds that are active in the region. We expect to announce our first transaction in the coming months.”
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