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About Us


…the past, the present and the future

Kanika is a name that is synonymous with hotels, construction and property development in Cyprus.  A name that echoes four decades of operation and continuous growth. Indeed, the Kanika Group of Companies is rooted back to 1964, when it was founded as a third party contractor.  From its early days, Kanika has been associated with a number of major construction projects throughout. Some of which have carved the island profile, and are regarded as prominent landmarks. One such project is the well-known Kanika Enaerios Complex in Limassol, the biggest development project, 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 over 1000 visitors a day.
Soon after the establishment of the initial company, a veritable construction boom hit 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 Plc – the group expanded further branched out into areas of land development, property management and hotel ownership and management respectively.
Today, the Kanika Group of Companies employs over 600 dedicated employees and has contributed tremendously to the economic and social development and progress of the island.


High standard residential and commercial properties
Kanika Developments Ltd specializes in high quality land developing projects such as the construction of luxury villas, townhouses, apartments, offices and shops. The company boasts many successful projects carrying its name all over Cyprus. Capitalizing on its extensive experience and know-how in the construction industry 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, developed 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. 


Maintaining and adding value to your property

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, and where applicable, Kanika Property Management Ltd currently manages hundreds of properties and is regarded as one of the leading property management companies in Cyprus.


Your host in Cyprus

In response to the growing demand from the tourism sector in Cyprus during the 1980’s and the 90’s Kanika Group completed the construction of six luxury hotels and resorts in the most popular tourist locations, namely Pafos, Limassol and Ayia Napa. Over the years Kanika Hotels Plc, has received many prestigious awards for its excellent services and facilities. Welcoming thousands of guests every year, Kanika Hotels Plc 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 & OXSAS Health & Safety regulations compliance.
Kanika Hotels Plc, a public company listed on the Cyprus Stock Exchange, owns and operates the following four hotels & resorts:

Alexander the Great Hotel in Pafos
Olympic Lagoon Resort and Olympic Lagoon Boutique Hotel in Ayia Napa
Elias Beach Hotel in Limassol
Kanika Pantheon Hotel in Limassol

Looking Ahead

The Kanika success story is attributed to the strength and the resourcefulness of the management team, combined with the skill and dedication of the employees within the group.  With assets such as these, Kanika Group of Companies anticipates the future with confidence and welcomes the new challenges that Cyprus’s recent accession to the European Union presents. Kanika Group of Companies has plans to further expand its activities both in Cyprus and as well as other part of Europe.