Acquisition of Olympic Lagoon Hotel by Blackstone Inc.
November 28, 2025
The Olympic Lagoon hotel in Paphos is being acquired by the American company Blackstone Inc. through Querin Limited. The Competition Protection Commission announced the acquisition of the share capital of K.A. Olympic Lagoon Resort Limited. Blackstone Inc. is a global alternative asset management firm. The Kanika Group Ltd, another involved company, is known for investments in hotels. These companies aim to manage and develop the hotel sector in Cyprus.