Within the past year, Nikki Beach Hotels and Resorts has grown its portfolio from four to seven properties either operating or under construction.
Through a joint venture with Nikki Beach Hotels and Resorts EMEA, the two companies operate three resorts in Dubai, UAE; Bodrum, Turkey; and Porto Heli, Greece, with more on the way.
First on the JV's expansion plan is the Nikki Beach Resort & Spa Santorini, which is poised to open later this year.
"With the opening of Nikki Beach Resort & Spa Santorini, we have triggered our next-level growth phase in line with our development strategy," said Nikki Beach Hotels and Resorts EMEA CEO Jihad El Khoury. "This was driven by the investors' trust in our brand and the market demand for fresh and relevant lifestyle resort applications."
The Nikki Beach Resort & Spa Santorini will have 60 rooms and suites, three restaurants and a Nikki Spa. It will be the brand’s second location in Greece.
“In its 20th year of operation, Nikki Beach continues to evolve as markets change,” said Lucia Penrod, CEO of Nikki Beach Global. “A year ago, we shifted our focus on reorganizing our hotel division and the result after one year is three new projects under construction and a deeper pipeline than we have ever had before. Our first beach resort was opened in 2010 in Koh Samui, Thailand, and after nine years, our hotel brand is ready for take-off.”
Under the Nikki Beach Global portfolio and situated on a private peninsula in the bay of Budva, the Nikki Beach Resort & Spa Montenegro will be part of a luxury private-villa development. The property will have 150 rooms and suites, 20 villas, three individual private beaches, five restaurants and a spa.