Shaner Italia, S.R.L., a division of The Shaner Hotel Group has launched a joint venture with CS Hospitality. The joint venture with CS Hospitality allows Shaner Italia to expand its footprint in the Mediterranean region, following its landmark transformation of the Renaissance Tuscany Il Ciocco Hotel. The company also recently announced the acquisition of the Grand Universe in the centre of Lucca, which will open in 2019 under the Marriott brand Autograph.
“Greece and Cyprus are a natural expansion of our global efforts, following our footprints in Italy since 2011. Tourism as an industry is expanding, and hospitality will be the major economic force in Southern Europe,” said Lance Shaner, chief executive officer, The Shaner Hotel Group.
“Shaner’s reputation, infrastructure and more than 35 years’ of experience will bring a much-needed level of operating excellence to the marketplace,” said Plato Ghinos, Shaner president. “This new joint venture is currently finalizing several agreements, and we are working closely with some global investment funds that are active in the region. We expect to announce our first transaction in the coming months.”