Zeus International Hotels And Resorts Bolsters European Portfolio With Strategic Buys In Milan And Thessaloniki

Friday, June 21, 2024

Zeus International Hotels and Resorts expands its European footprint by acquiring prime properties in Milan and Thessaloniki, strengthening its portfolio and market presence.

Zeus International Hotels and Resorts has recently acquired two hotels—one in Milan and another in Thessaloniki—along with an office block in Athens, marking one of the company’s most significant portfolio expansions. This acquisition, made from PRODEA Investments, underscores Zeus International’s commitment to enhancing asset performance through both privately owned properties and those managed under long-term leases or third-party arrangements.

This acquisition is a major step in Zeus International Group’s European market expansion, bringing its count of privately owned hotels to nine across Southeast Europe, including Greece, Italy, Romania, and Cyprus. The strategic move aligns with the company’s mission to deliver the distinctive Greek hospitality and unique guest experiences, core elements of the Zeus Experience, to a broader audience.

As a pioneering hospitality and hotel management firm in Greece, Zeus International focuses on innovation in ultra-luxury, urban living, and personalized service. The newly acquired properties include the Dolce Milan Malpensa hotel in Milan, the Lazart Hotel Trademark Collection by Wyndham in Thessaloniki, and a five-story building in Athens. Notably, Zeus International already held leases for the two hotels.

The Dolce Milan Malpensa hotel, located in Lombardo, Milan, is set in a lush environment and boasts modern design elements. Situated just 7 kilometers from Malpensa Airport and near Milan’s historical sites, the hotel features 207 rooms, a restaurant, a cafe-bar, and advanced conference facilities capable of hosting up to 700 attendees.

The 5-star Lazart Hotel in Thessaloniki, renowned for its luxury and prime location, is a mere 10 minutes from the city’s bustling center and across from the cultural landmark “Lazarist Monastery.” This vibrant art hotel merges contemporary luxury with creative design, transforming the space into a dynamic gallery. It offers spacious rooms and stunning city views, catering to families, couples, professionals, and tourists exploring Thessaloniki.

These acquisitions are part of Zeus International Group’s decade-long plan to become a leading European hospitality management company through new investments and strategic alliances. Over the past seven years, the company has invested over 250 million euros in new projects and formed key partnerships with global hotel brands such as Wyndham and Hilton. With a portfolio now encompassing 20 hotels valued at over 1 billion euros and approximately 4,000 rooms, Zeus International Group is rapidly establishing itself as a significant force in the global tourism and hospitality sector.

“With this strategy, the group brings the total number of hotels owned by Zeus International to nine, marking an important milestone in the group’s journey and bolstering its expansion in the European market. These new additions to the company’s portfolio demonstrate our dedication to the advancement and development of tourism and hospitality in Greece and abroad. We will always be dedicated to promoting authentic hospitality through Zeus International’s experience and know-how,” shared Haris Siganos, Founder and Managing Director of Zeus International Hotels and Resorts.

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