- The 5* Restia Suites Exclusive Resort is the Group’s newest property which is in the process of complete renovation
- The total investment will amount to 20 million euros
- 3 more hotels will be opened by the Group in Corfu in the next two years
Four new boutique hotels join Mayor Hospitality Management’s portfolio. The hotels are part of the acquisition of the Demetriou family, following the sale of Capo Di Corfu, La Grotta Verde, Pelekas Monastery and Mon Repos Palace to the American fund HIG.
Restia Suites Exclusive Resort in Corfu is the Group’s first property that will open its doors fully renovated in 2024 and which marks the new era of Mayor in the hotel industry through its activity with boutique hotels, which promise premium accommodation experiences.
Having a solid presence in the hospitality sector since 2009 with the successful and profitable management of large-scale units, Mayor Hospitality Management, which manages the entire investment and financial portfolio of the Demetriou family, has upgraded the Restia Suites Exclusive Resort, a five-star boutique hotel consisting of 32 suites, 16 of which have private pools. The first phase of the investment, which began in 2023, will be completed this year with the hotel being reopened to the public after a complete renovation of its facilities and services. The second phase will take place in the coming years when the Restia Suites is expected to expand to a total of 80 suites, with the investment amounting to €20 million.
Restia Suites Exclusive Resort will offer everything that distinguishes a modern, luxury 5* boutique hotel, emphasizing on the accommodation experience through culinary experiences and wellness facilities in a privileged location by the sea.
Having a strong background of years and with prospects for dynamic expansion of its portfolio, Mayor Hospitality Management offers high quality “tailor-made” services of Greek hospitality. Mayor Hospitality Management’s plan includes three more hotels on the island of the Phaeacians, both in coastal areas and in historic districts of Corfu, which are expected to welcome their first guests within the next two years, while the Group’s interest in investments in mainland Greece and the Aegean islands is also strong.
Spyrella Linardou, CEO of Mayor Hospitality Management, said: “We are delighted to see Mayor enter the boutique hotel sector. Starting from Corfu, our goal is to establish our presence on the island, capitalizing on years of experience in hospitality, as well as expanding our footprint to other destinations in the country. Restia Suites Exclusive Resort, like our three upcoming hotels in Corfu, embodies our vision for the new era of Mayor and our dedication to the continuous evolution of the services we offer.”
The reconstruction of both the Restia Suites Exclusive Resort and the subsequent projects has been undertaken by an internationally recognized architectural firm.
The Mayor Hospitality Management
With many years of experience in the hospitality industry, where he has been active since 2009,
Mayor Hospitality Management embodies the values of excellence, integrity and empowerment, committed to providing high quality “tailor-made” services of Greek hospitality. Through a holistic consulting approach, it provides customized services, undertaking the creation, upgrade and renovation of hotel units.
Among other things, it provides operation, sales & marketing as well as financial services, aiming at the perfect operation in every aspect of the hotel unit.
