Leptos Group Renovates Panorama Hotel On Crete

The Panorama hotel unit in Chania recently became the latest member of the Cyprus-based Leptos Hotels & Resorts group. The 167-room first-class unit immediately underwent an extensive refurbishing program.

With all rooms now totally renovated, the group will begin the complete redesign and redecoration of the hotel’s common areas. Zenios Loucas, Panorama’s general manager, says the new areas will emphasize comfort and add elements of health, leisure and beauty in line with a deluxe hotel category hotel.

Besides all the amenities found in an up-market first-class unit, the Panorama, with 138 rooms and 29 suites, hosts a conference center, two swimming pools, restaurants and athletic center. Rooms now have a unique style that combines the hotel’s Cretan character with Greek-island detail on the wood, marble and wall finishings, as well as through the color schemes.

The Leptos group boasts a total of 12 hotel units on Cyprus and six units on Crete. It plans to continue rapid expansion plans either through buyouts of present units or through the construction of new units on land already owned by the group.

Last year, the group posted revenue of 10.5 million Cypriot pounds, compared with revenue of 6.5 million the year before. The group’s profits for 1999 increased by a whopping 1100% over the year before, while profits from hotel operations revenue increased by 85% from 1.3 million pounds in 1998 to 2.4 million pounds last year.