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The International Hospitality Investment Forum (IHIF) will present the 24th Lifetime Achievement Award to Mr. Stavros Andreadis and Dr. Andreas Andreadis, who have worked tirelessly to expand and develop their Sani & Ikos resorts in Greece and across the Mediterranean.
GIC is buying the stake from investors including Oaktree Capital Management, Goldman Sachs Asset Management and UK-based Hermes GPE.
Sani/Ikos owns and operates 10 resorts in Greece and Spain, with more to come.
Singapore-based GIC has acquired a majority stake in luxury beach resort group Sani/Ikos Group for an undisclosed amount.
Oaktree Capital and Goldman Sachs Asset Management exited via the deal.