As part of the company’s development strategy, Atlantica Hotels & Resorts is pleased to announce its latest addition which is the successful completion of the sales agreement of the southern part of Afandou in Rhodes. The signed agreement entails three new high quality holiday resorts and a tourist village of 20 independent residences of interest of the Nicolaides family – Atlantica Hotels & Resorts- with a budget of 150 million euros, according to Τ.Ν. Aegean Sun Investment Ltd.
It is worth mentioning that the Golf-North Afandou Golf Sales Agreement (SPA) was singed a few days earlier between HRADF and M.A. Angeliades Inc., while the financial closure of the transaction is expected to take place in the coming period.
The know-how and expertise of the group has been proven in the past, and continues to outline the principles which reflect the company’s history, service and values. These values have distinguished the group for over three decades and have established Atlantica as a successful company within the hospitality and tourism sector.
Atlantica Hotels & Resorts is the only Cypriot Hospitality company, to be a member of the largest tourist organization in the world that is TUI Group. It operates a total of 50 hotels across Cyprus, Greece and Egypt.