Portfolio International alongside Smenter Limited and Vontsira currently own, unencumbered, 170ha (1,700,000m2) of land on the beautiful Greek Island of Ithaca (Ithaki).
The total site, including optioned land, is one of the largest private island landholdings in Greece and enjoys over 7.5 kilometers of spectacular pristine ocean frontage, with natural deep-water harbours.
Managed on behalf of the ownership group, Portfolio International Holdings Limited “Portfolio”, plans to develop an integrated luxury resort residential project using the world renowned Setai Hotels and Resorts brand. Led by Jonathan Breene and Adrian Zecha, founder of Aman Resorts, the Setai Ithaca will look to redefine luxury within the Greek Islands. The initial phase will focus on an ultra luxury 30 suite resort hotel and 100 branded residences.
The Setai resort will have a luxury health spa and all of the facilities expected in a luxury Zecha managed property.
The site is framed by a spectacular ridgeline, numerous beaches and bays, along with the elevated site enjoying long uninterupted ocean views.
The Ionian Islands have the reputation for luxury tourism and are home to mega & super yachts for the summer season. Historical Vathy has one of the world’s largest natural harbours.
The area’s climate is Mediterranean in character and ideal for outdoor recreation. Close to Italy, and serviced by an International Airport on the adjacent island of Kefalonia, Ithaca enjoys easy access to all European Markets