US EditionHip Buys Its First Hotel in Cyprus and Advances in Its Conquest of Southern Europe
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Hotel Investment Partners (HIP) started in 2026 with the purchase of its first hotel in Cyprus: the Olympic Lagoon Resorts Pahos, a 5 stars in which an additional 17 million euros will be invested in repositioning. The transaction does not imply a change of operator. The funds managed by Blackstone and GIC have acquired the hotel from Amathus and Kanika. The latter, one of the main operators of the Cypriot market, will continue to head the manag…
The acquisition of Olympic Lagoon Resorts Paphos reinforces HIP’s international strategy in high-growth Mediterranean destinations. It has 276 rooms.
The HIP hotel platform takes a step further in its international expansion and incorporates a new market in southern Europe with the purchase of a five-star resort and 276 rooms in Cyprus. Read
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