Expanding its investment on the Greek island of Mykonos where it operates two luxury hotels, Treppides Investments has joined forces with Pacha Group, a company of global reach that is an established leader in Ibiza’s tourism and entertainment industry.
Pacha Group is an international holding company founded in Barcelona by Ricardo Urgell, which specialises in leisure, entertainment and hospitality, as well as in fashion and perfume events business.
The legendary Group with the two joined cherries logo has planted its flag in Mykonos this year, thanks to a multi-million investment that includes a hotel, a restaurant and a club, respectively: the super luxury ‘Destino Pacha Mykonos Hotel’, ‘Leo’s Mykonos’ restaurant-club-cabaret, and ‘Pacha Club’.
Driving this huge project is London-based American investment fund Trilantic Europe which, in 2017, took over Pacha Group, and then invested in the evolution of the brand by opening branches all over the world – including in Mykonos.
Trilantic Europe’s financial backer, who manage more than €2 billion, dispatched representatives to Mykonos to identify ideal locations for the group’s new investment on the island.
Vision meets setting: Treppides joins forces with Pacha Group
And to materialise the ‘Destino’ luxury hotel, Pacha Group chose Treppides Investments-owned ‘Oniro Mykonos’ in Agios Stefanos, which has now been renamed and transformed into the super deluxe ‘Destino Pacha Mykonos Hotel’.
This is the first Greece-based hotel owned by Pacha Group, offering 34 luxurious rooms and six premium top suites overlooking the Aegean Sea. Future plans include expansion to 55 rooms and suites.
Inspired by Cycladic architecture, the hotel’s room décor is dominated by white walls and natural wood with refined accents. There is also a restaurant boasting a unique aesthetic and a chic Greek and Mediterranean menu, a bar featuring world-renowned DJs and a sleek swimming pool, in addition to a wellness centre offering guests breathtaking rooftop yoga, among other services.
‘Destino Pacha Mykonos Hotel’ is expected to welcome its first guests on June 1, 2021, and has already started accepting reservations via its website: www.destinopachamykonos.com
Treppides Investments’ cooperation with Pacha Group reflects the commitment and vision of the company towards its continuous expansion and development.
“I am pleased with the outcome of our discussions with the Pacha Group,” said Treppides Investments owner, Nicolas Treppides, hailing the significant deal that had been months in the making. “I believe that ‘Destino Pacha Mykonos Hotel’ is a perfect fit for our property.”
Treppides Investments also maintains its aesthetically unique, super luxury ‘Oniro Suites’ in Mykonos’ Chora, which is expected to operate normally this summer. Additionally, the company operates two hotels in Athens – the ‘Oniro City’ luxury boutique hotel in Kolonaki and the ‘Asomaton Hotel’ in Thiseio – and has a new boutique hotel under construction in trendy Mitropoleos Square.