Politis

Hotel Investment Partners Invests €17 Million in Olympic Lagoon Resorts

Published January 9, 2026, 09:25
Hotel Investment Partners Invests €17 Million in Olympic Lagoon Resorts

Hotel Investment Partners (HIP), backed by Blackstone and GIC, has acquired the Olympic Lagoon Resorts Paphos, a five-star resort with 276 rooms, from Amathus and Kanika. Kanika will continue to manage the resort, as it is one of the leading managers in Cyprus, with experience in five top resorts in Paphos and Ayia Napa. HIP plans to invest an additional €17 million in upgrading the hotel, including room renovations and common area improvements, as well as incorporating sustainability measures such as HVAC system upgrades and LED lighting. The goal is to obtain BREEAM certification, strengthening the hotel's commitment to sustainability. This acquisition strengthens HIP's presence in international markets and brings its total portfolio to 10 assets in Greece, six in Italy, and two in Portugal.