With international hotel chains playing a leading role in shaping the image of the Italian hotel industry, a Greek chain, Zeus International Hotel & Resorts, which since 2017 has been operating dynamically in Italy, undertaking the development and management of major hotel projects, has its own significant role in the development of the Italian hotel industry. These are the findings of the latest, 9th edition, of Horwath HTL’s study on the development of Italian hotels and chains. And if we include the 3 hotels under franchise management (Hilton, Wyndham Hotels Group, and Radisson), the company is, for 2021, among the 10 largest international hotel chains in the country, managing more than 1700 rooms, surpassing major global players in the market.
In 2021, one of the most important hotel acquisitions, the Grand Hotel Savoia in Cortina d’Ampezzo, took place, with the hotel under the management of the Zeus International Hotel & Resorts group. Before it changed hands for several tens of millions of euros, Zeus International Hotel & Resorts renovated the hotel with its own resources in 2020 and proceeded to brand the hotel as a Radisson Collection.
Finally, despite the adverse conditions caused by the pandemic of the last two years, the Zeus International Hotel & Resorts group managed to come out even stronger and expand, having reached 24 hotels, 4000 rooms, 100 million in own investments and a hotel portfolio under management worth more than 1 billion in 4 different countries with more than 1.5 million guests per year. With offices in Athens, Milan, Bucharest, Nicosia, and Sofia, Zeus International has established itself as one of the leading hotel management companies in South Eastern Europe, providing operational reorganization strategies for even the most complex hotel businesses. It is aiming to grow further, with several properties scheduled to open in the coming months, and establish itself as a prominent certified operator.
About Zeus International Hotels & Resorts
Zeus International Hotels & Resorts is a forward-thinking hotel management firm providing hotel management services and delivering asset restructuring assignments to independent multi-branded hotels and resorts, through innovative operating concepts and market opportunity assessments.
The hotel management and advisory services offered by Zeus International Hotels & Resorts include owner representation, hotel pre-opening and management, operations audits and consulting, turnaround management, brand selection, profit improvement plans, as well as various programs focused on the relationship between customer retention, customer satisfaction, and image.
With current offices in Athens, Milan, Bucharest, Nicosia, and Sofia, Zeus International Hotels & Resorts is established as one of the leading hotel management companies and certified operators within Greece, and with reach across Italy, Cyprus, and Romania. Operating more than 4.000 rooms in 24 hotels, driving top-line revenues in all segments to achieve optimum profitability, Zeus International Hotels & Resorts’ expansion plan is to grow within Europe, with several properties planned to open in the next few months. Further new projects are in the pipeline, confirming the company’s vision to have a Zeus International Hotels & Resorts developed and managed property in every major city and destination throughout Western and Eastern Europe within the next five years.
The current portfolio of key partnerships includes projects with key funds and companies such as Bain Capital, Invel Real Estate Partners, B2K Capital, and Viohalco Group, as well as cooperation with some of the world’s most well-known hotel brands such as Radisson Hotels, Hilton Hotels, Marriott International Hotels, and Wyndham Hotels.
Zeus International Hotels & Resorts’ affiliated companies, Xenium and Cronus Developments, cover advisory and hospitality development services such as financial analysis and refinancing of hospitality projects, feasibility studies, investment analyses, project management, master planning, and development design, procurement, renovations, and new construction of hospitality developments. Through Xenium and Cronus Developments, Zeus International Hotels & Resorts delivers to hospitality investors a performance-driven One-Stop-Shop service based on the Turn-Key principle.
Some of the recent awards ZEUS International is proud of include: “Diamonds of the Greek Economy Award 2020”, “Greek Business Champion Award 2019”, “Greek Hospitality Golden Award for “Best Greek Hotel Management Strategy 2019”, Tourism Awards, Silver in “Strategy & Innovation 2019”, “Greek Hospitality Awards, Silver Award as “Best Greek Hotel Management Strategy 2020 & 2021” and the most recent: the bronze award in the category “Best Hotel Development, Management & Consulting 2022”.