Cyprus: Radisson Hotel Group is set to open the Radisson Blu Serviced Apartments in Larnaca.
The serviced apartment complex was signed as part of a master development agreement with Sunnyseeker Hotels and Quality Group.
The property will have 59 units, including one- and two-bedroom apartments and studios. The ground floor will host a cafeteria serving meals and snacks, while the rooftop will have a lounge. Leisure facilities will include a gym, spa and swimming pool as well as 100 square metres of meeting and event space. The property will be close to the existing Radisson Blu Hotel, Larnaca and within walking distance of the main harbour.
In addition, a marketing trademark license agreement, one of the first in Cyprus, was signed with Praveworth, LLC as the special-purpose vehicle developing the property for the sale of individual units to investors.
Elie Younes, EVP and chief development officer, Radisson Hotel Group, said: “We are excited to bring the first branded serviced apartments to the beautiful island of Cyprus as part of our Master Development Agreement with Quality Group and Sunnyseeker Hotels. It is a wonderful opportunity to leverage the renowned Radisson Blu brand in the city and offer an extended stay product. With few internationally branded hotels and properties in Cyprus, new arrivals like the Radisson Blu Serviced Apartments, Larnaca will contribute to the island’s hospitality landscape while delivering great value to our stakeholders.”
Savvas Kakos, president and CEO of Quality Group, said: “We are delighted to present to the public our latest addition to the hotel industry of our city – the Radisson Blu Serviced Apartments, Larnaca. Quality Group, with its partners SunnySeeker Hotels and Radisson Hotel Group, is challenging and changing the hotel industry of the island. Alongside our pride and joy, the Radisson Blu Hotel, Larnaca, this new development of 59 uniquely designed units will be serving the needs and wants of business travellers, as well as those who seek long-term accommodation. The announcement of the Radisson Blu Serviced Apartments, Larnaca for us is both a pleasure and an opportunity. A pleasure to see our efforts to attract international hotel giants like Radisson Hotel Group to Larnaca become a reality, and an opportunity to act boldly in empowering the hotel and tourism industry in Cyprus.”
In total, Radisson has four properties and more than 550 rooms in operation or under development on Cyprus.
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