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Shaner Italia CS Hospitality form Joint Venture for Expansion in Greece Cyprus
May 9, 2018
Europe-based hotel owner and operator Shaner Italia, a division of The Shaner Hotel Group, has entered into a joint venture with Athens, Greece-based CS Hospitality to expand their hotel operations in Greece and Cyprus.
“Focusing on a much-needed, high-end global hospitality experience is very timely. Greece is expecting over 30 million visitors this year,” Andreas Contos, CEO of CS Hospitality, said in a statement.
Shaner Italia plans to expand its footprint in the Mediterranean region through its JV with CS Hospitality. The move follows the operator’s conversion of the Renaissance Tuscany Il Ciocco Hotel. The company also recently acquired the Grand Universe in the center of Lucca. The hotel is slated to open in 2019 under the Autograph Collection by Marriott brand.
“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” Lance Shaner, CEO of The Shaner Hotel Group, said in a statement.