STATE COLLEGE, PA—Shaner Italia S.R.L., 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.
By combining both operators’ procedures, the partnership will offer global and professional operating support to high-end hotels and resorts in the region.
Andreas Contos, CEO of CS Hospitality, and Stella Sarantidou, COO heading operations, bring with them more than 30 years of international experience with Hilton, Hyatt and Marriott hotels to the Greek tourism market.
“Focusing on a much-needed, high-end global hospitality experience is very timely. Greece is expecting over 30 million visitors this year,” Contos said.
The joint venture with CS Hospitality allows Shaner Italia to expand its footprint in the Mediterranean region, following its transformation of the Renaissance Tuscany Il Ciocco Hotel. In addition, the company recently acquired the Grand Universe, in the center of Lucca, which will open in 2019 under the Marriott brand, Autograph.
“Shaner’s reputation, infrastructure and more than 35 years’ of experience will bring a much-needed level of operating excellence to the marketplace,” said Plato Ghinos, president, Shaner. “This new joint venture is currently finalizing several agreements, and we are working close with some global investment funds that are active in the region. We expect to announce our first transaction in the coming months.”