The Ikos Andalusia hotel in Estepona, Spain, has set an expected opening of May 2020 following a €150 million investment into the project.
According to Ikos, the Greek hotel company's first Spanish hotel is a reflagging of the former Princess Hotel. The property is expected to have 411 guestrooms, 11 outdoor swimming pools, an indoor swimming pool, a theater, sports facilities and spa. The project is one of the Costa del Sol's largest investments "in recent years," according to the company.
Ikos’ fifth resort is being constructed by UTE Acciona Construcciones and Sando. The hotel company already has properties in Cos, Corfu and two on the Calcidica Peninsula.
When the project was first announced late last year, Estepona Mayor José María Urbano said, “We are convinced that this new high-end resort will strengthen Estepona’s touristic brand in the international markets while promoting employment and the revitalization of the economic sectors linked to tourism."