The Reuben Brothers have acquired La Residence hotel in Kalafatis Bay, Mykonos in Greece, a 30-room luxury boutique hotel as part of their continued strategy of investing in premium hotel assets in key European destinations.
Under Reuben ownership, the hotel will undergo extensive refurbishment at the end of the summer season 2020, in order to maximise its potential as the preferred choice for discerning hotel guests visiting Mykonos. Jamie Reuben, a principal at Reuben Brothers said: “Following hot on the heels of our recent hotel site acquisition in Rome in October, we now add to our growing global hotel portfolio with this new acquisition.”
Mykonos’ popularity has grown exponentially in recent years and the island is now firmly established as a highly desirable visitor destination for travellers from all over the world, looking to experience the spectacular beauty of the Greek islands. The hotel is ideally positioned to provide guests with an exceptional experience during their visit to Mykonos.
The acquisition adds to the Reubens’ existing hotel investments across the UK and Europe including London, Rome, Venice, and Verbier.