Kanika is a name that is synonymous with hotels in cyprus, construction and development in Cyprus. A name that echoes five decades of operation and continuous growth. Founded in 1962 by Mr. Theodosis Karaolis, Kanika has grown in size, reputation and service. Since its earliest days, Kanika has been associated with a number of major construction projects throughout the Limassol area, some of which have carved the district's profile, and are regarded as prominent landmarks. One such project is the well-known Kanika Enaerios Complex, the biggest ever constructed in Cyprus, which incorporates over 750 apartments, shops, offices and even a hotel. Located on Limassol’s main beachfront avenue, the Kanika Enaerios Complex houses some of the trendiest cafes and restaurants in town that welcome some 1000 visitors a day.
Soon after the establishment of the initial company, a veritable construction boom hit the island of Cyprus, and Kanika was ideally positioned to expand into a group of companies. Through its individual member companies – Kanika Developments Ltd, Kanika Property Management Ltd and Kanika Hotels & Resorts in Cyprus – the group branched out into areas of land development, property management and hotel ownership and management respectively.
Today, the Kanika Group of Companies employs over 800 dedicated employees and has contributed tremendously to the economic and social development and progress of the island.
Where Luxury meets traditional Cypriot Hospitality
In response to the growing demand from the tourism sector in Cyprus during the 1980’s and 90’s, the Kanika Group completed the construction of four luxury hotels and resorts in the most popular tourist locations, namely Paphos, Lemesos and Agia Napa. Over the years Kanika Hotels& Resorts, has received many prestigious awards for its excellent services and facilities. Welcoming thousands of guests every year, Kanika Hotels & Resortsin Cyprus ranks amongst the most established hotel groups on the island. The company is certified with the Quality Assurance system ISO 902 and the Hazard Analysis of Critical Control Points system HACCP.
Kanika Hotels & Resorts, owns and operates the following five hotels & resorts in Cyprus:
Kanika Developments Ltd specializes in high quality land developing projects such as the construction of luxury villas, townhouses, apartments, offices and shops. The company has several successful projects to its name, in various areas of Cyprus. Capitalizing on its extensive experience and know-how in the construction industry and acting within the company’s financial capabilities, Kanika Developments Ltd focuses on projects that provide excellent quality in prime locations at competitive prices. In each case, the emphasis is on projects that reflect contemporary trends and requirements, while serving their practical purpose within a framework of high quality construction enhanced with fine workmanship and finishes. Such features combined with a history of prompt delivery, secure title deeds and professional after sales services are the cornerstones of the company’s reputation.
Kanika Developments offers unique privileges and special discounts to all Kanika Hotels clients who wish to purchase a property in Cyprus. Click here to find out about ourGolden Key Club membership .
Kanika Property Management Ltd specializes in the management of various types of properties such as offices, apartments, villas, townhouses and shops. The company was founded in the early 1980’s aiming to offer professional after sales services including the management and maintenance of the purchased property. Furthermore,Kanika Property Management Ltd currently manages hundreds of properties and is regarded as one of the leading property management companies in Cyprus.
The backbone of the Group is the team of the Group's people, who have the capacity to demonstrate a spirit of commitment, consistency and dynamism, who possess the know-how and who are willing to undergo continuous training. The company has adopted a human approach to customer care, therefore mastering the ability to offer impeccable services. A fundamental principle followed by KANIKA Group is to always treat customers as part of a large family. In addition, it always makes sure to share the same timeless values of trust and care, and as such, it managed to record a long history and tradition.
Having come a long way on the path of offer and dedication, the new generation of Group directors consisting of KANIKA Group Executive Chairman, Mr. Spyros Karaolis, Group Deputy Chairman, Mr. George Karaolis, and Group Vice Chairman, Mr. Marios Karaolis, appears determined to continue on the course set out by the Group’s founder, Mr. Theodosis Karaolis, and declares itself ready and always up to big challenges.
With assets such as these, the Kanika Group of Companies anticipates the future with confidence and welcomes the new challenges that Cyprus’s recent accession to the European Union presents.