Athens, 17.7.2008
Kelemenis & Co. acts for hotel company Aquis Hotels & Resorts in a series of hotel acquisitions

The firm acts for Aquis Hotels & Resorts (http://www.aquisresorts.com) in the latter’s successive acquisitions of 3-star, 4-star and 5-star hotels and resorts in Corfu, Crete and Kos. Aquis is a new hotel chain that is set to develop upmarket hotels in eastern Mediterranean resorts. Heads of UK travel companies are among its board members and include chairman David Howells, currently executive chairman of luxury operator Western & Oriental; youtravel.com chief executive John Kent; and Amathus UK managing director Andreas Vasiliou. Aquis Hotels and Resorts has already acquired five properties and is set to increase its portfolio substantially in the next few months. The company is backed by international funds and capital investments, and is set to develop properties not only in Greece but also in Cyprus, Turkey and Egypt.

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