Greek group Ikos Resorts is making its first foray into Spain with ambitions to create the country’s leading luxury all-inclusive resort.

The company has acquired the hotel Costa Del Sol Princess in Estepona on the Costa Del Sol.

It is investing €150 million in what will be known as Ikos Andalusia which is due to open in May 2020.

Ikos Andalusia will provide more than 400 luxury rooms and suites amid landscaped gardens and leisure facilities alongside 14,000 metres of beach.

The hotel will house eight restaurants, sports and theatre facilities, a spa, indoor and outdoor heated swimming pools plus an Ikos Deluxe accommodation area.

The property will be the fifth Ikos resort, following recent expansion including Ikos Dassia opening next month on Corfu and Ikos Aria opening in 2019 on the island of Kos.

Chief sales and marketing officer Antonis Avdelas said: “Estepona has always been a landmark destination for travellers seeking an ideal balance of sun, sea, lifestyle and culture.

“We are therefore excited to introduce our unique all-inclusive experience and the amazing Infinite Lifestyle promise to Spain by transforming the existing property within the sustainable framework of Ikos Green.”