At the beginning of 1980 the Group saw the prosperous future that lay ahead. The company developed many projects at competitive prices and by the end of the decade built and operated its first two hotels. Over a short period of time it had completed and delivered to its clients hundreds of flats houses and offices all over Cyprus mainly on seafront locations.

The Group closed the decade of 1980's with flying colours. As far as the construction division is concerned, it completed over 1500 apartments, shops and offices. The jewel of the crown is the KANIKA ENAERIOS COMPLEX, one of the most prestigious project, ever undertaken situated near the seaside and yet only 10 minutes from the city centre. The complex built in an area of 25 Donums.

In the years to follow realising the increasing potential in the tourist Industry, the Group invested in the development of Alexander The Great Beach Hotel in Paphos in 1988. Another three distinguished hotel Units followed in other towns in Cyprus to develop the image and size of the Kanika Group as we all know it today.

At the beginning of year 2000 the Group headed on for its listing in the Cyprus Stock exchange by separating its activities between the construction and the Hotel sector.

The KANIKA HOTELS already listed in the stock exchange aiming to expand its activities outside Cyprus in order to compete in the open markets of the European Community.