TUI Invests in Greece, Buys Land on Crete to Open New ‘Robinson Club’
TUI Group has acquired Stella Polaris Creta S.A., a subsidiary of the Greek Karatzis Group and owner of land on the southern coast of Crete, to open a new Robinson Club, it was announced on Friday.
With the Robinson Clubs Kyllini Beach and Daidalos, TUI already operates two resorts of the premium club holiday provider in Greece.
“We are aiming to deliver substantial growth in our own hotel brands TUI Blue, RIU, Robinson and Magic Life in the next few years. The expansion of our portfolio in the trending destination Greece marks a further step towards that goal,” said Sebastian Ebel, TUI Group Executive Board member in charge of Hotels & Resorts.
The Greek Tourism Ministry has been in close cooperation with TUI Group over the past two years and has engaged in a series of talks with Group representatives in the last few months to discuss new investment opportunities.
“TUI is an important partner for us, and I am therefore delighted that the Group will be investing in a new Robinson Club in Greece. We regard that move as a vote of confidence in our economy,” Greek Tourism Minister Elena Kountoura said.
“We are consistently delivering our growth strategy and have generated record results in tourism for the third consecutive year. We have also created the conditions to sustain high growth rates over the next few years and are encouraging new investments,” Minister Kountoura added.
With the expansion of its hotel portfolio, TUI Group is driving its transformation as an integrated tourism business focused on own hotel and cruise brands further ahead. The two segments already contribute half of the Group’s operating result. Since the merger with TUI Travel PLC at the end of 2014, TUI Group has expanded its portfolio by 27 new hotels, nine of which have opened this year alone.