The Group has outlined plans to triple its serviced apartments portfolio in EMEA to address new demand for safer holidays and to build on the resilient extended stay hospitality model.
While many hotel groups have put their development plans on hold, Radisson Hotel Group has announced it is forging ahead with an ambitious five-year plan that includes opening a second property in Larnaca by the summer of 2021, and breaking ground in the next few months to build the island’s first branded serviced apartments, also in Larnaca.
George Campanellas, Chief Executive of Invest Cyprus, the national investment promotion agency, which is working on a national strategy to turn Cyprus into a leading tourism and hospitality investment destination, said: “We are delighted that leading hotel brands such as Radisson Hotels has chosen Cyprus to expand, adding over 500 new rooms and apartments. This shows a major vote of confidence in the tourism and hospitality sector in Cyprus during a hugely challenging time for the global economy.
Radisson Hotel Group already has five hotels, resorts, and serviced apartments with over 800 keys in operation and under development across Cyprus, making it the largest international hotel group on the island. The planned Radisson Beach Resort Larnaca will offer an additional 202 keys and will be the city’s first internationally branded resort when it opens this summer.
