Founded by seasoned hotelier Mehul Sharma, Signum Hotels & Resorts is all set to penetrate the Greek & Israel market. Signum Hotels announced the tie up with Israel-based Frank Group to develop and manage the company's upcoming hotel portfolio across both destinations.
The Frank Group is an international holding and investment group of companies with highly diversified activities. The company is greatly experienced and active in Israel & EMEA (Europe, Middle East and Africa) in the fields of real estate, tourism, high-tech ventures, energy, homeland security and holds numerous business connections around the world. Frank Group has been investing in Israel, Europe, USA and in the last five years, especially in Greece.
Mehul Sharma, Founder & CEO, Signum Hotels & Resorts, said, “We continue our focus on the company's International expansion and this signing is a significant step towards our vision of marking Signum’s presence at exceptional destinations globally. We are elated to partner with the Frank Group and look forward to a promising journey together.”
On the tie-up with Signum Hotels, Elad Frank, CEO - Frank Group, said, “we are happy to partner with Signum Hotels to expand our hospitality footprint in the Greek & Israel market. We will also be transforming our properties in islands and mainland to Signum hotels strengthening our strategic partnership further.”
Under the exclusive arrangement with Frank Group, Signum Hotels will develop a significant portfolio of more than 15 hotels across Greece and Israel, over the course of next 3-5 years. The first Signum hotel in Greece is expected to be operational within the next 12 months.